Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $400,000 Settlement in the China Integrated Energy Inc (NASDAQ: CBEH) Investor Lawsuit

Via: ReleaseWire

Updated 8:45 AM CDT, Mon, April 13,2015

A settlement was reached in the lawsuit filed on behalf of certain investors of China Integrated Energy Inc (NASDAQ: CBEH) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on June 15, 2015 and NASDAQ: CBEH investors should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 04/13/2015 -- A deadline is coming up on June 15, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of China Integrated Energy Inc (NASDAQ: CBEH) between November 6, 2012 and November 5, 2013.

Investors who purchased a significant amount of shares of China Integrated Energy Inc (NASDAQ: CBEH) between November 6, 2012 and November 5, 2013 have certain options and you should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the China Integrated Energy Inc (NASDAQ: CBEH) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/china-integrated-energy-inc-nasdaq-cbeh-investor-securities-class-action-lawsuit-03252011

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is June 15, 2015. The class action administrator for this case is Angeion Group.

The lawsuit was originally filed in the U.S. District Court for the Central District of California against China Integrated Energy over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between March 31, 2010 and March 16, 2011. According to the complaint the plaintiff alleges that China Integrated Energy Inc (NASDAQ: CBEH) violated the Securities Exchange Act of 1934 by issuing between March 31, 2010 and March 16, 2011 materially false and misleading financial statements to investors because it concealed related-party transactions.

On March 16, 2011, Sinclair Upton Research issued a report alleging that China Integrated Energy Inc concealed numerous "fraudulent acquisitions" between China Integrated Energy Inc and certain of its officers and directors that had the effect of funneling cash to these officers and directors. Furthermore, the report alleges that China Integrated Energy Inc misrepresented its financial performance, including "fabricating its SEC financial statements."

Those who purchased shares of China Integrated Energy Inc (NASDAQ: CBEH) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/deadline-upcoming-in-400000-settlement-in-the-china-integrated-energy-inc-nasdaq-cbeh-investor-lawsuit-591303.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com