NEW YORK, May 14, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia against Star Scientific, Inc. ("Star Scientific" or the "Company") (NasdaqGM: STSI).
For more information, click here: http://zlk.9nl.com/starscientific-stsi/.
The complaint alleges that the defendants made materially false and misleading statements concerning the Company's business and operations. In particular, it is alleged that the Company misrepresented and/or failed to disclose that: (a) the Company had engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006; and (b) the Company received subpoenas from the U.S. Attorney's office investigating potential securities fraud involving transactions dating back to 2006.
On March 18, 2013, the Company disclosed it was under investigation by the U.S. Attorney's office, and announced the receipt of related subpoenas. The Company also announced that it was conducting an internal investigation regarding these transactions.
If you suffered a loss in Star Scientific you have until May 24, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/starscientific-stsi/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP