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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Securities Laws Violations by ShengdaTech, Inc.

03-18-2011 04:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating ShengdaTech, Inc. (“ShengdaTech” or the “Company”) (Nasdaq: SDTH) to determine whether it has violated federal securities laws by issuing false and misleading statements.

New York, NY, March 18, 2011 -- Levi & Korsinsky is investigating ShengdaTech, Inc. (“ShengdaTech” or the “Company”) (Nasdaq: SDTH) to determine whether it has violated federal securities laws by issuing false and misleading statements. On March 15, 2011, trading in ShengdaTech was halted after the Company announced a delay in the filing of its Annual Report for the fiscal year ending December 31, 2010. In connection with the delay, the Company announced the formation of a special committee to investigate “potentially serious discrepancies and unexplained issues relating to the Company and its subsidiaries' financial records identified by the Company's auditors in the course of their audit of the consolidated financial statements for the fiscal year ended December 31, 2010.”

If you own ShengdaTech stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/shengdatech-sdth.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

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