NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Lentuo International Inc. (NYSE:LAS) resulting from allegations that Lentuo International may have issued materially misleading business information to the investing public.
On May 28, 2014, Seeking Alpha published an article revealing that Lentuo International failed to disclose that a related PRC entity controlled by its chairman incurred RMB 250 million in secured debt. On June 5, 2014, Seeking Alpha published an article asserting that Lentuo International’s May 29, 2014 response did not adequately address the two undisclosed loans executed in 2013 totaling RMB 250. On this news, shares of Lentuo International fell $0.34 per share or over 9% to close at $3.15 per share on June 5, 2014, damaging investors. On March 10 2015, Beijing Business Today reported that all of Lentuo International’s 4S stores are partially shut down. On this news, shares of Lentuo International fell $0.04 per share or over 6% to close at $0.55 per share on March 10, 2015, further damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Lentuo International investors. If you purchased shares of Lentuo International before March 10, 2015, please visit the website at http://rosenlegal.com/cases-545.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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