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Number of law firms announced the initiation of an investigation of China Green
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Beijing News October 20 companies the U.S. Securities Litigation Robbins Umeda LLP law firm announced today that a subsidiary of China Green Agriculture (CGA, 7.75, +6.46%) to initiate an investigation. This is the third week since the announcement of China Green Agriculture issued an investigation or litigation organization. Previously, Saxena White PA and Rigrodsky & Long, PA has been to China Green Agriculture were suspected of financial fraud to the United States District Court Nevada class action lawsuit was launched. According to reports, Robbins Umeda LLP as the reason to initiate an investigation based on the following two aspects. China Green Agriculture's first part of the former executives and executives are now company's true financial condition of the existence of false statements and omissions, in particular whether the company as its financial statements as stated in the November 12, 2009 to 2010 Sept. 1 day prescribed by law to pay the tax or duty-free access to the corresponding rights. The second is why the China Green Agriculture submitted to the SEC's financial reporting and the report submitted to the discrepancy between the official. This is not the first in the United States suffer from the recent proceedings or investigations of the Chinese company, after including multiple Global Water (DGW, 12.43, -0.56%), Pacific Electric (HRBN, 21.08, +1.01%) eat several companies, including to the lawsuit.
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