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TMCNet:  INVESTOR ALERT: Class Action Lawsuit Against Lihua International, Inc. Filed by Glancy Binkow & Goldberg LLP

[May 08, 2014]

INVESTOR ALERT: Class Action Lawsuit Against Lihua International, Inc. Filed by Glancy Binkow & Goldberg LLP

LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP, representing investors of Lihua International, Inc. ("Lihua" or the "Company") (NASDAQ:LIWA), has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class (the "Class") comprising all purchasers of Lihua common stock between August 9, 2012 and April 30, 2014, inclusive (the "Class Period").

Please contact Glancy Binkow & Goldberg LLP, toll-free at 888-773-9224 or at 212-682-5340, or by email to shareholders@glancylaw.com to discuss this matter.

Lihua is based in the People's Republic of China and develops, manufactures, markets and distributes refined copper replacement products, including copper rod, fine and superfine pure copper wire, and copper-clad aluminum fine and superfine wires. The Complaint alleges hat throughout the Class Period defendants issued false and misleading statements or failed to disclose material adverse facts concerning Lihua's operations and financial performance.


On April 30, 2014, the investor website GeoInvesting publicized a report published in People's Daily, the official newspaper of the Communist Party of China, alleging that: (1) Lihua's business took a drastic downward turn from the end of 2012; (2) the Company's cash flow is broken, and its warehouse has been seized and sealed by the local court; (3) Lihua's production activities substantially decreased in 2013, and have nearly ceased since January 2014; and (4) the Company's chief executive officer attempted to move Lihua's inventory in order to hide assets from creditors, and as a result he is being investigated by the local police.

If you are a member of the Class described above, you may move the Court no later than June 30, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at 888-773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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