NEW YORK, March 17, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Central District of California on behalf of those who purchased shares of Lentuo International Inc. ("Lentuo" or the "Company") (NYSE:LAS), during the period between June 14, 2013 and March 9, 2015, inclusive (the "Class Period").
The complaint charges Lentuo with violations of Federal Securities Laws. Specifically the complaint alleges that the Company made false and misleading statements and/or failed to disclose that: (i) Beijing Lentuo Electromechanical Group Co., Ltd., a related party of Lentuo, anticipated and issued RMB 250 million of debt in 2013 to finance the construction of 4S dealerships; (ii) the consolidation of Lentuo Electromechanical into Lentuo's financial statement is required; (iii) Lentuo did not have sufficient working capital for 2015; and (iv) as a result of the foregoing, the Company's financial statements and results were materially false and misleading at all relevant times.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Lentuo during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Lentuo you have until May 12, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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