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China Integrated Energy, Inc CBEH Securities Stock Fraud

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Company: China Integrated Energy, Inc
Ticker Symbol: CBEH
Class Period: Mar-30-10 to Mar-16-11
Date Filed: Mar-26-11
Lead Plaintiff Deadline: May-25-11
Court: Central District of California.
Allegations:
New york, NY: A securities class action lawsuit has been filed on behalf of investors who purchased common stock of China Integrated Energy, Inc. (NASDAQ: CBEH) ("China Integrated"or the "Company") from March 31, 2010 through March 16, 2011 (the "Class Period"), seeking investor remedies under the federal securities laws. No class has yet been certified.

According to the Complaint, China Integrated issued materially false and misleading financial statements to investors because it concealed related-party transactions. On March 16, 2011, analyst firm Sinclair Upton Research issued a report alleging that China Integrated concealed a host of transactions between the Company and its officers and directors that had the effect of funneling cash to these officers and directors. In addition, citing Chinese SAIC filings, the report stated that China Integrated misrepresented its financial performance, business prospects, and financial condition to investors. These adverse disclosures caused China Integrated' stock price to drop, damaging investors.

On March 23, 2011, the Company issued a rebuttal, in which it denied most of Sinclair Upton' allegations, but conceded that it had engaged in an undisclosed related party transaction with the CEO' 22 year old son. After the Company' rebuttal, the stock price fell once again, damaging investors.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

China Integrated Energy, Inc CBEH Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible China Integrated Energy, Inc securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

Maybe it's your stockbroker

Reader Comments

Posted by

on
I've received 4 of these booklets from China Integrated Energy, the last one sent to me by Apex Clearing Corp.
I've returned 3 proof of purchase forms and 2 release forms, all the same forms, and sent them back to China Integrated Energy. You can't talk to anyone to find out why they want you to fill out the same forms over and over.

Posted by

on
I've already filed a claim. I was wondering when the payouts will be issued.

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