This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Law Offices of Howard G. Smith Announces Class Action Lawsuit Against The9, Ltd. 2009-10-24 07:00 ET - News Release BENSALEM, Pa. -- (Business Wire)
Law Offices of Howard G. Smith announces that a securities class action
lawsuit has been filed on behalf of all persons or entities who
purchased American Depositary Shares of The9, Ltd. (“The9” or the
“Company”)(Nasdaq:NCTY) between
November 15, 2006 and July 15, 2009, inclusive (the “Class Period”). The
class action lawsuit was filed in the United States District Court for
the Southern District of New York.
The Complaint alleges that the defendants violated federal securities
laws by issuing material misrepresentations to the market concerning
The9's business, prospects and financial condition, thereby artificially
inflating the price of the Company’s securities.
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. If
you purchased American Depositary Shares of The9, Ltd. between November
15, 2006 and July 15, 2009, you have certain rights, and have until
December 21, 2009, to move for Lead Plaintiff status. To be a member of
the class you need not take any action at this time, and you may retain
counsel of your choice. If you wish to discuss this action or have any
questions concerning this Notice or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at
(888)638-4847, by email to howardsmith@howardsmithlaw.com
or visit our website at www.howardsmithlaw.com.
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