[May 06, 2015]

EQUITY ALERT: The Rosen Law Firm Reminds Lentuo International Inc. Investors of the Important May 12, 2015 Deadline in the Class Action Filed by the Firm - LAS

The Rosen Law Firm, a global investor rights law firm, reminds purchasers of Lentuo International Inc. (NYSE: LAS) American Depository Shares ("ADS") from June 14, 2013 through March 9, 2015 of the important May 12, 2015 lead plaintiff deadline in the class action filed by the firm. The lawsuit seeks to recover damages for Lentuo investors under the federal securities laws.

To join the Lentuo class action, go to the firm's website at http://www.rosenlegal.com/cases-545.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. The lawsuit filed by the firm is pending in the U.S. istrict Court for the Central District of California.

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 ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, Lentuo issued materially false and misleading statements to investors and/or failed to disclose that: (1) Beijing Lentuo Electromechanical Group Co., Ltd. ("Lentuo Electromechanical")-a related party of Lentuo-anticipated and issued RMB 250 million of debt in 2013 to finance the construction of 4S dealerships; (2) the consolidation of Lentuo Electromechanical into Lentuo's financial statement is required; (3) Lentuo did not have sufficient working capital for 2015; and (4) as a result of the foregoing, the Company's financial statements and results were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 12, 2015. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-545.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

[ Back To TMCnet.com's Homepage ]