The Rosen Law Firm Files Securities Class Action Against DNTW Chartered
Accountants, LLP Seeking to Recover Investors' Losses in Subaye, Inc. Stock --
NEW YORK, July 3, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm has filed a
class action lawsuit on behalf of investors who purchased the securities of
Subaye, Inc. (OTC:SBAY) during the period from December 29, 2009 to April 7,
2011 (the "Class Period"), seeking remedies under the federal securities laws.
To join the Subaye class action, visit the Rosen Law Firm's website at
http://www.rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free,
at 866-767-3653; you may also email email@example.com or
firstname.lastname@example.org for information on the class action. The case is pending
in the United States District Court for the Southern District of New York.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint alleges that DNTW Chartered Accountants LLP ("DNTW"), Subaye's
auditor, falsely issued clean audit reports for Subaye's 2009 and 2010 10-Ks
that stated that DNTW conducted its audits of Subaye in accordance with PCAOB
standards. In reality, nearly all of Subaye's customers and business
operations did not exist. In May 2013, the SEC filed a civil action against
Subaye and others, indicating that DNTW knowingly issuedfalse audit reports.
If you wish to serve as lead plaintiff, you must move the Court no later than
September 3, 2013. A lead plaintiff is a representative party acting on behalf
of other class members in directing the litigation. If you wish to join the
litigation, or to discuss your rights or interests regarding this class
action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at email@example.com. You may also visit the
firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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