AUTC Autochina International Limited (MM)

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities AutoChina International Limited. (“AutoChina” or the “Company”) (NASDAQGS: AUTC - News), concerning whether the company and certain of its officers and directors have violated federal securities laws.

The investigation is related to AutoChina’s June 30, 2011, announcement that AutoChina is being investigated by the U.S. Securities and Exchange Commission, and expects to restate its previously issued financial statements for the year ended December 31, 2009, and subsequent periods “to recognize a derivative liability relating to the Earn-out Share Provision, which was part of its initial business combination in 2009.” In addition, the Company disclosed that during AutoChina’s 2010 year-end process, the Company identified a material weakness in its internal control over financial reporting as of December 31, 2010, “due to a lack of requisite internal U.S. GAAP experience.”

If you are aware of any facts relating to this investigation, or purchased shares of AutoChina, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate work, private securities offerings, and securities arbitration.

Autochina International Limited (MM) (NASDAQ:AUTC)
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Autochina International Limited (MM) (NASDAQ:AUTC)
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