According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- defendants engaged in tax fraud;
- defendants committed bribery to cover up the fact that they committed tax fraud;
- as a result, defendants understated the legal risk facing the company; and
- as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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