Bernstein Liebhard LLP Announces Investigation Into Longwei
Petroleum Investment Holdings Ltd.
NEW YORK, Jan. 4, 2013 /PRNewswire/ -- Bernstein Liebhard
LLP today announced an investigation into Longwei Petroleum
Investment Holdings Limited (NYSE: LPH) ("LPH" or the "Company")
concerning allegations that LPH may have issued materially
misleading information to the investing public.
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LPH is a Shanxi, China-based
energy company engaged in the wholesale distribution of finished
petroleum products in the People's
Republic of China (the "PRC"). The Company's oil and
gas operations consist of transporting, storing and selling
finished petroleum products, entirely in the PRC. The
investigation concerns allegations in a January 3, 2013 report published by
GEOInvesting.com alleging that LPH exaggerated the Company's
November 2012 sales figures for its
fuel depot storage facilities in Taiyuan, as well as in Gujiao,
Shanxi, and, in addition, failed
to disclose a $32 million investment
in a tourism business made by LPH's subsidiary, Shanxi Zhonghe
Energy Conversion Co., Ltd.
If you are interested in discussing your rights as an LPH
shareholder and/or have information relating to the matter, please
contact Joseph R. Seidman, Jr. at
(877) 779-1414 or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients. It
has been named to The National Law Journal's "Plaintiffs'
Hot List" in each of the last ten years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877)
779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
SOURCE Bernstein Liebhard LLP