Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of New York on behalf of investors who purchased China Ceramics Co.,
Ltd. ("China Ceramics" or the "Company") (NasdaqGM:CCCL) common stock
between March 30, 2012 and May 1, 2014.
For more information, click here: http://zlk.9nl.com/china-ceramics-cccl.
The complaint alleges that throughout the Class Period defendants
misrepresented and/or failed to disclose material weakness in the
Company's internal control over financial reporting.
On November 13, 2013, the Company discloseda substantial asset
writedown of property, plant and equipment. Then on May 1, 2013, trading
of China Ceramics common stock was halted. That same day, China Ceramics
announced that: (a) it had terminated the engagement of its principal
independent registered public accounts, (b) the Chairman of the Audit
Committee resigned; (c) the Company's financial reports would be
delayed; and (d) during the preparation of financial statements for 2013
the Company 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 Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/china-ceramics-cccl.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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