NEW YORK, April 18, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors who purchased the securities of ChinaCast Education Corporation (Nasdaq:CAST) between April 18, 2009 and April 19, 2012, inclusive (the "Class Period").
To join the ChinaCast class action, visit the firm's website at http://rosenlegal.com, or call Jonathan Horne, Esq., or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email jhorne@rosenlegal.com or pkim@rosenlegal.com for information on the class action. The action is pending in the United States District Court for the Southern District of New York.
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 defendants in the lawsuit are Deloitte Touche Tohmatsu CPA Ltd. ("DTTC"), ChinaCast's former auditor, and Deloitte & Touche, LLP ("DT"). The complaint alleges that DTTC's audit reports concerning ChinaCast falsely stated that DTTC had followed applicable audit standards, and that DT controlled DTTC.
If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2014. 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 Jonathan Horne, Esq., or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at jhorne@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.