Goldberg
Law PC (www.Goldberglawpc.com)
announces that a class action lawsuit has been filed in the United
States District Court for the Central District of California against
China Finance Online Co., Ltd. (“China Finance” or the “Company”)
(NASDAQ: JRJC),
for alleged violations of the federal securities laws. Investors who
purchased or otherwise acquired shares between May 6, 2014 and June 3,
2015 inclusive (the “Class Period”), have until August 4, 2015 to serve
as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we
advise you to contact Michael
Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey,
CA 90292, at 800-977-7401, to discuss your rights without cost to you.
You can also reach us through the firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
China Finance is an online financial services company based in the
People’s Republic of China. The complaint alleges that: (1) the most
current Chinese government records show that Chairman and CEO Zhiwei
Zhao abruptly resigned from his positions at three important
subsidiaries of China Finance over the past few months; (2) Chinese
media reports exposing the detention of the Company’s independent
director Rongquan Leng prompted China Finance to announce his
resignation, without addressing his alleged detention; and (3) Ling
Wang, a former long-time China Finance director and associate of Zhao,
fled China in 2014, leaving his company indebted to China Finance for
$25 million. When the truth was revealed, the stock dropped causing
investors harm.
If you have any questions concerning your legal rights in this case,
please immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com,
or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716006667/en/
Copyright Business Wire 2015