NEW YORK, July 17, 2013 /PRNewswire/ -- Attorney
Advertising-- Bronstein, Gewirtz & Grossman, LLC announces that
a securities class action has been filed in the United States
District Court for the Southern District of New York on behalf of those who purchased
shares of Subaye, Inc. ("Subaye or the Company") (OTC: SBAY),
during the period between December 29,
2009 and April 7, 2011,
inclusive (the "Class Period").
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. The
SEC filed a civil action against Subaye and others in May of 2013
for fraud, saying that the Company misled investors about its
financial prospects and revenue.
Plaintiff seeks to recover damages on behalf of all Subaye
shareholders who purchased common stock during the Class Period
described above.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. September 3, 2013 is the deadline for investors
to seek a lead plaintiff appointment. Your ability to share
in any recovery doesn't require that you serve as a lead
plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC