Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of GLG Life Tech Corporation (“GLG” or the “Company”) (NASDAQ: GLGL) during the period between February 1, 2011 and November 13, 2011, inclusive (the “Class Period”).

If you have suffered a net loss for all transactions in GLG Life Tech Corporation common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than February 13, 2012 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company issuing during the Class Period false and misleading press releases touting substantial stevia extract sales, the launch of a nationwide All Natural and Zero Calorie Beverage and Foods (“AN0C”) advertising campaign, the warm reception from Chinese consumers to AN0C products, the shipment of approximately 27 million AN0C products to the Chinese market and the development of a 65,000 distributor network carrying AN0C products. According to the complaint, after, on October 6, 2011, the Company disclosed for the first time a negative business outlook associated with its stevia and AN0C products, and, after, on November 14, 2011, GLG announced disappointing financial results for the fiscal quarter ending September 30, 2011 and refused to provide any further guidance on future performance, the value of GLG shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
Email Contact

Credit – http://www.einpresswire.com/article/638652-brower-piven-encourages-investors-who-have-losses-in-excess-of-100-000-from-investment-in-glg-life-tech-corporation-to-inquire-about-the-lead-plaintiff-position-in-securities-fraud-class-action-lawsuit-before-the-february-13-2012-lead-plaintiff-deadline


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