SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Star Scientific, Inc. of Class Action Lawsuit and the Deadline of May 24, 2013 to Seek a Lead Plaintiff Position
Levi & Korsinsky announces that a class action lawsuit has been filed in
the United States District Court for the Eastern District of Virginia
against Star Scientific, Inc. (“Star Scientific” or the “Company”)
(NasdaqGM: STSI).
For more information, click here: http://zlk.9nl.com/starscientific-stsi/.
The complaint alleges that the defendants made materially false and
misleading statements concerning the Company’s business and operations.
In particular, it is alleged that the Company misrepresented and/or
failed to disclose that: (a) the Company had engaged in potentially
illegal transactions involving certain private placements and related
party transactions since 2006; and (b) the Company received subpoenas
from the U.S. Attorney’s office investigating potential securities fraud
involving transactions dating back to 2006.
On March 18, 2013, the Company disclosed it was under investigation by
the U.S. Attorney’s office, and announced the receipt of related
subpoenas. The Company also announced that it was conducting an internal
investigation regarding these transactions.
If you suffered a loss in Star Scientific you have until May 24, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/starscientific-stsi/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
