NEW YORK, Dec. 30, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important January 17, 2012 lead plaintiff deadline in the class action lawsuit on behalf of investors who purchased common stock of Keyuan Petrochemicals, Inc. (OTC: KEYP; KEYP.PK) during the period from August 16, 2010 through October 7, 2011 (the "Class Period").
To join the Keyuan class action, visit the firm's website at http://rosenlegal.com or http://investorcounsel.us, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.
The Complaint asserts violations of the federal securities laws against Keyuan and its officers and directors, for issuing materially false and misleading financial information. The Complaint asserts that during the Class Period the Company failed to properly disclose material related party transactions that rendered the Company's periodic reports filed with the SEC false and misleading. The Complaint alleges that this adverse information caused Keyuan's stock price to lose nearly half of its value-- devastating investors.
If you wish to serve as lead plaintiff, you must move the Court no later than January 17, 2012. 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 pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com or http://investorcounsel.us.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.