The rosen law firm announces investigation of securities claims against ever-glory international group, inc. --- evk

New york--(business wire)--the rosen law firm, p.a. announces that it is investigating potential violations of federal and state laws against ever-glory international group, inc. (nyse:evk) resulting from allegations that the company may have issued materially misleading information about its true financial condition. on may 7, 2013, ever-glory announced that its financial statements previously filed with the u.s. securities and exchange commission for the following periods should no longer be relied upon: (i) three-month period ended march 31, 2012; (ii) three-month period and six-month period ended june 30, 2012; and (iii) three-month period and nine-month period ended september 30, 2012. on october 7, 2013, ever-glory announced that it received a warning letter from nyse regulations for its failure to obtain the prior approval of its audit committee for certain related party transactions. upon disclosure of this news, shares of ever-glory fell $0.76 per share or 16% on october 7, 2013, to close at a price of $3.976 per share. the rosen law firm is preparing securities claims on behalf of investors as a result of this adverse information. if you purchased ever-glory securities prior to october 7, 2013, you may visit the website at http://www.rosenlegal.com to join the action. you may also contact phillip kim, esq. or kevin chan, esq. of the rosen law firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. the rosen law firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. attorney advertising. prior results do not guarantee a similar outcome.
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