SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Star Scientific, Inc. of Class Action Lawsuit and the Deadline of May 24, 2013 to Seek a Lead Plaintiff Position
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia against Star Scientific, Inc. ("Star Scientific" or the "Company") (NasdaqGM: STSI).
For more information, click here:http://zlk.9nl.com/starscientific-stsi/.
The complaint alleges that the defendants made materially false and misleading statements concerning the Company's business and operations. In particular, it is alleged that the Company misrepresented and/or failed to disclose that: (a) the Company had engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006; and (b) the Company received subpoenas from the U.S. Attorney's office investigating potential securities fraud involving transactions dating back to 2006.
On March 18, 2013, the Company disclosed it was under investigation by the U.S. Attorney's office, and announced the receipt of related subpoenas. The Company also announced that it was conducting an internal investigation regarding these transactions.
If you suffered a loss in Star Scientific you have until May 24, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/starscientific-stsi/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Star Scientific, Inc. of Class Action Lawsuit and the Deadline of May 24, 2013 to Seek a Lead Plaintiff Position originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.