EXPOSING the FDA and the USDA - Broad Casting here the things that they would prefer us NOT to know about our FOOD & DRUGS & Farming.

Friday, December 19, 2008

Securities Fraud: "Organic" Rice from China

Hot News frum Big-Mouth Broad Casting; Dec 18, 2008

China Organic Agriculture, Inc. CNOA Securities Stock Fraud

Company: China Organic Agriculture, Inc.

Ticker Symbol: CNOA

Class Period: Jul-12-07 to Aug-14-08

Date Filed: Dec-18-08

Lead Plaintiff Deadline: Feb-16-09

Court: Southern District of New York


A securities fraud class action law suit has been launched in the US against food company China Organic Agriculture on behalf of some investors in the company.

The case involves a number of allegations under the Security Exchanges Act 1934 against defendants China Organic and certain of its officers and directors for the period July 12, 2007 to August 14, 2008, inclusive.

According to the complaint, the defendants took the Company public in early 2007 and made numerous statements during the Class Period regarding the Company's prospects and sales. Defendants, for example, claimed to be developing organic rice for sale in China, but according to the complaint, never developed any kind of product that could be sold at a competitive price.

The complaint further alleges that these and other Class Period statements were false and misleading, designed to inflate the price of the Company's stock. And insiders sold tens of millions of dollars worth of Company stock during the Class Period, acquired for themselves a luxury retreat in California, sold off the Company's only significant operation and within 18 of taking the Company public left only an empty shell and huge shareholder losses.

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 Organic Agriculture, Inc. CNOA 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 Organic Agriculture, Inc. securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.


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