China North East Petroleum Stock Purchasers File Securities Fraud Class Action Lawsuit Against China North East Petroleum Over Alleged Improper Cash Transfers.
A securities fraud class action lawsuit was filed against China North East Petroleum Holdings Limited on behalf of a class consisting of all those who purchased the common stock of China North East Petroleum between August 14, 2009 and May 26, 2010 and were damaged thereby (the “Class”) in the United States District Court for the Southern District of New York, alleging that China North East Petroleum violated federal securities laws by issuing false and misleading financial information to investors, according to securities class action lawsuit news reports.
The China North East Petroleum securities fraud class action complaint reportedly alleges that China North East Petroleum announced on May 27, 2010 that in 2009 a China North East Petroleum officer and a China North East Petroleum director engineered improper cash transfers between bank accounts of China North East Petroleum and their personal accounts.
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I purchased CNEP during the period of the suit. Who is processing the suit?