Saxena White P.A. has filed a class action lawsuit in the U.S. District Court for the District of Nevada on behalf of investors who purchased the securities of China Green Agriculture, Inc. (“China Green” or the “Company”) (NYSE: CGA) during the period between November 12, 2009 and September 1, 2010 (the “Class Period”), inclusive, seeking to recover damages caused by Defendants’ violations of federal securities laws.
The Complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against China Green and certain of its present and former officers and directors for making material misstatements and omissions about the Company’s true financial condition. According to the Complaint, during the Class Period, Defendants misled investors about the quality and nature of China Green’s reported financial statements.
The Complaint also alleges that the Company’s fiscal 2010 financial statements filed with the SEC are materially false and misleading. In fact, China Green’s comparable 2010 financial statements filed with Chinese authorities materially differed from the financial results set forth in the Company’s SEC filings. China Green’s false and misleading statements during the Class Period inflated the price of the Company’s securities. The Complaint asserts that when this adverse information was finally disclosed to the market, the price of the Company’s securities dropped, damaging shareholders.
You may obtain a copy of the complaint and join the class action at www.saxenawhite.com. If you purchased China-Green stock between November 12, 2009 and September 1, 2010, you may contact Joe White or Greg Stone at Saxena White P.A. to discuss your rights and interests:
Joseph E. White, III
jwhite@saxenawhite.com
Greg Stone
gstone@saxenawhite.com
If you purchased China Green shares in the Class Period, and wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the Court no later than December 14, 2010. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.