The Rosen Law Firm Friday said it has filed a class action lawsuit against Qiao Xing Mobile Communication Co. Ltd. (QXMCF.PK). The lawsuit is being filed on behalf of investors who purchased the company securities between September 10, 2010 and May 2, 2012.
The petitioner alleges that Qiao Xing’s officers and directors concealed the company’s lack of internal controls and corporate governance failures, thereby misleading information to investors about the company’s financial and business condition.
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by RTT Staff Writer
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