The Rosen Law Firm Announces Investigation of Securities Claims Against SmartHeat, Inc. – HEAT
Published on Friday, 15 June 2012 23:03 Written by TradersHuddle StaffNEW YORK-( Business Wire )-
The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against SmartHeat, Inc. (NASDAQ: HEAT) ("Heat"). On May 30, 2012, Heat announced the resignation of its Chairman James Jun Wang, its President and CEO Wen Sha, and several other officers. Heat also announced that, to meet "immediate cash needs", it would take out a $1.0 million revolving line of credit at onerous rates from Mr. Wang.
That same day, the NASDAQ stock market halted trading in Heat stock. The NASDAQ stock market indicated that trading would remain halted until Heat fully satisfied NASDAQ's request for further information.
Investors who purchased stock in Heat's November 23, 2010 Secondary Offering are especially encouraged to contact the firm.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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