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
(firmenpresse) - 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.
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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 or by telephone at (877) 363-5972, or visit
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.
CONTACT:
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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Datum: 23.04.2013 - 20:38 Uhr
Sprache: Deutsch
News-ID 252132
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