Business & Finance
Business and Finance
Business and Finance
Wed, November 17, 2010
Tue, November 16, 2010 Faruqi & Faruqi, LLP Is Investigating RINO International Corporation On Behalf of Its Shareholders - RINO
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors and Officers of RINO International Corporation (aRINOa or the aCompanya) (NASDAQ: RINO). The investigation focuses on possible violations of the federal securities laws and breaches of fiduciary duties by RINO and certain of its Officers and Directors.
The investigation focuses on allegations that certain statements issued by the Company regarding RINOa™s business, operations and prospects misrepresented the Companya™s financial performance. Specifically, the investigation pertains to a research report released on November 10, 2010, questioning RINOa™s customer business relationships, the accuracy of its financial reporting and financial results. Further, on November 15, 2010, the Company announced that earnings for the third quarter will be less than half of the earnings for the same period last year, and quarterly revenue fell approximately 17% from the same period one year ago. RINO has also reduced its revenue outlook for the year. The Companya™s shares have declined approximately 57% from October 27, 2010.
If you have lost in excess of $100,000, request more information now by clicking here: [ www.faruqilaw.com/RINO ]
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you have lost in excess of $100,000 in connection with your ownership of common stock in RINO and wish to obtain additional information, please visit us at [ www.faruqilaw.com/RINO ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
