The Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of investors of
China Finance Online Co., Ltd. (NASDAQ:JRJC) resulting from allegations
that China Finance Online may have issued materially misleading business
information to the investing public.
On June 3, 2015, GeoInvesting, LLC published a report on China Finance
Online asserting, among other things, that: (1) the most current SAIC
records show the sudden resignation of Chairman and CEO Zhiwei Zhao from
his positions at three key Chinese VIE subsidiaries of China Finance
Online over the past few months; (2) Chinese media reports also indicate
serious legal troubles for associates of Zhao, who himself is reportedly
not allowed to leave China; and (3) Ling Wang, a former long-time China
Finance Online director and associate of Zhao, fled China in 2014 and
left his company indebted to China Finance Online for $25 million. On
this news, shares of China Finance Online fell sharply during intraday
trading on June 3, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by China Finance Online investors. If you purchased shares of
China Finance Online on or before June 3, 2015, please visit the firm’s
website at http://rosenlegal.com/cases-628.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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