NEW YORK, July 29, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased China Ceramics Co., Ltd. ("China Ceramics" or the "Company") (Nasdaq:CCCL) common stock between March 30, 2012 and May 1, 2014.
Click here to learn about the case: http://docs.wongesq.com/CCCL-Info-Request-Form-317.There is no cost or obligation to you.
The complaint alleges that defendants issued materially false and/or misleading statements and/or failed to disclose material information regarding weakness in the Company's internal control over financial reporting.
On November 13, 2013, the Company disclosed a substantial asset write-down of property, plant and equipment. Then on May 1, 2014, trading was halted and China Ceramics announced that: it had terminated the engagement of its principal independent registered public accountants, would delay filing certain financial reports, and had identified a write down of assets for the fourth quarter, resulting from unused capacity at its Hengdali facility.
If you suffered a loss in China Ceramics you have until August 5, 2014 to 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 Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/CCCL-Info-Request-Form-317.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq.39 East Broadway
New York, NY 10002
Source: The Law Offices of Vincent Wong