Keyuan Petrochemicals, Inc.
Rosen Law Firm Announces Class Action Charging Keyuan Petrochemicals, Inc. With
Securities Fraud
New York, N.Y., November 16, 2011. The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors who purchased the common stock Keyuan Petrochemicals, Inc. (OTC: KEYP; KEYP.PK) during the period from August 16, 2010 through October 7, 2011 (the “Class Period”) to recover damages for violations of the federal securities laws.
To join the Keyuan class action, visit the firm’s website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action, 如果您講中文，請致電張律師212-686-1060，或電郵 szhang@rosenlegal.com, 獲取該集體訴訟案件的具體信息. The lawsuit filed by the firm is pending in the U.S. District Court for the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint asserts violations of the federal securities laws against Keyuan and its officers and directors, for issuing materially false and misleading financial information. The Complaint asserts that during the Class Period the Company failed to properly disclose material related party transactions that rendered the Company’s periodic reports filed with the SEC false and misleading. The Complaint alleges that this adverse information caused Keyuan’s stock price to lose nearly half of its value-- devastating investors.
If you wish to serve as lead plaintiff, you must move the Court no later than January 16, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm’s website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Contact:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866--767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com