NEW YORK, Oct. 13, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that it has filed a class action lawsuit against Chanticleer Holdings, Inc. (Nasdaq:HOTR) (Nasdaq:HOTRW) (Nasdaq:HOTRU). The lawsuit seeks to recover damages suffered by investors who purchased units and shares pursuant or traceable to Chanticleer's June 21, 2012, secondary offering.
To join the Chanticleer class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The complaint charges that Chanticleer falsely represented that the financial statements for its South African operations, accounting for a majority of Chanticleer's revenues, had been audited. In reality, they had not been audited. When Chanticleer revealed that the financial statements for its South African operations had not been audited, the NASDAQ halted trading in Chanticleer's stock and warrants.
If you wish to serve as lead plaintiff, you must move the Court no later than December 12, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or jhorne@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.