SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses on Their
Investment in Star Scientific, Inc. of Class Action Lawsuit and
the Deadline of May 24, 2013 to Seek a Lead Plaintiff Position
NEW YORK, NY -- (Marketwired) -- 04/23/13 -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the Eastern District of Virginia on
behalf of investors who purchased Star Scientific, Inc. ("Star
Scientific" or the "Company") (NASDAQ: STSI) stock between October
31, 2011 and March 18, 2013.
For more information, click here:
The complaint alleges that throughout the Class Period, defendants
made materially false and misleading statements concerning the
Company's business and operations. In particular, it is alleged that
the Company misrepresented and/or failed to disclose that: (a) the
Company had engaged in potentially illegal transactions involving
certain private placements and related party transactions since 2006;
and (b) the Company received subpoenas from the U.S. Attorney's
office investigating potential securities fraud involving
transactions dating back to 2006.
On March 18, 2013, the Company disclosed it was under investigation
by the U.S. Attorney's office, and announced the receipt of related
subpoenas. The Company also announced that it was conducting an
internal investigation regarding these transactions.
If you suffered a loss in Star Scientific you have until May 24, 2013
to request that the Court appoint you as lead plaintiff. Your ability
to share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at firstname.lastname@example.org or by telephone at (877)
363-5972, or visit http://zlk.9nl.com/starscientific-stsi/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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