NEW YORK, Aug. 2, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important August 10, 2012 lead plaintiff deadline in the class action lawsuit on behalf of investors who purchased the American Depository Shares ("ADS") of Ambow Education Holding Ltd. (NYSE:AMBO) during the period between May 18, 2011 and May 16, 2012, seeking to recover damages for violations of federal securities laws.
To join the Ambow class action, visit the firm's website at http://www.rosenlegal.com/cases/view/ambow-education-holding-ltd, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email firstname.lastname@example.org.
The Complaint asserts violations of the federal securities laws against Ambow Energy and certain of its officers and directors for issuing materially false and misleading statements of revenue and earnings for the 2011 fiscal year. The Complaint alleges that Ambow, in violation of Generally Accepted Accounting Principles, improperly recorded revenue from distributors that did not have an adequate history of timely payment. The Complaint also asserts that the Company lacked adequate internal controls and improperly accounted for business acquisitions.
If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at email@example.com. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 562-8616 Toll Free: 1-866--767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com www.rosenlegal.com