The Rosen Law Firm Files Securities Class Action Against DNTW Chartered Accountants, LLP Seeking to Recover Investors' Losses i
04 July 2013 - 1:00PM
The Rosen Law Firm has filed a class action lawsuit on behalf of
investors who purchased the securities of Subaye, Inc. (OTC:SBAY)
during the period from December 29, 2009 to April 7, 2011 (the
"Class Period"), seeking remedies under the federal securities
laws.
To join the Subaye class action, visit the Rosen Law Firm's
website at http://www.rosenlegal.com, or call Phillip Kim, Esq. or
Kevin Chan, toll-free, at 866-767-3653; you may also email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action. The case is pending in the United States District
Court for the Southern District of New York.
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 alleges that DNTW Chartered Accountants LLP
("DNTW"), Subaye's auditor, falsely issued clean audit reports for
Subaye's 2009 and 2010 10-Ks that stated that DNTW conducted its
audits of Subaye in accordance with PCAOB standards. In reality,
nearly all of Subaye's customers and business operations did not
exist. In May 2013, the SEC filed a civil action against Subaye and
others, indicating that DNTW knowingly issued false audit
reports.
If you wish to serve as lead plaintiff, you must move the Court
no later than September 3, 2013. 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.
Kevin Chan
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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