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| [January 03, 2013] |
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The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against Longwei Petroleum Investment Holding Limited --- LPH
NEW YORK --(Business Wire)--
The Rosen Law Firm is investigating potential securities fraud claims
against Longwei Petroleum Investment Holdings Limited (NYSE MKT: LPH)
resulting from allegations that the company may have issued materially
misleading financial information to the investing public.
On January 3, 2012 Geoinvesting.com issued a report asserting that
Longwei has exaggerated its true financial performance by claiming
substantial product sales from facilities that, in reality, were either
idled or showed minimal activity. The report also revealed ties between
Longwei and Puda Coal - another notorious PRC fraud, for which the Rosen
Law Firm is serving as cout appointed co-lead counsel to investors. The
report also cited numerous other red flags of fraud at Longwei that call
into question the truth of Longwei's portrayal of its financial
performance.
The Rosen Law Firm is preparing a class action lawsuit as a result of
this adverse information. If you purchased Longwei securities prior to
January 3, 2013, you may visit the website at http://rosenlegal.com
to join the action. You may also contact Phillip Kim or Jonathan Horne
of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or jhorne@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.

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