| UCBH Holdings, Inc. |
The Rosen Law Firm has filed a class action lawsuit charging UCBH and its former Chairman and CEO, Thomas Wu, and its former Chief Credit Officer, Ebrahim Shabudin, with violations of the federal securities laws. The lawsuit alleges that defendants misrepresented UCBH's financial condition, issued false financial statements and hid mounting loan losses from investors in violation of federal securities laws. On September 8, 2009, UCBH announced the results of its investigation of these issues and determined that its management had concealed non-performing loans and misrepresented its financial condition through improper accounting methods. As a result, UCBH's CEO and Chief Credit Officer have resigned and UCBH will have to restate its finanical statements for 2008. If you purchased UCBH stock between Arpril 24, 2008 and September 8, 2009, and would like to particpate in the class action to recover investment losses, please contact Laurence Rosen or Phil Kim at 212-686-1060 or email lrosen@rosenlegal.com or simply click on the link to the right of this page => |
| For more Information | |
 Case Summary
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Press Release
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 Read the Complaint
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