NEW YORK, April 23, 2012 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of AutoChina International Limited ("AutoChina" or the "Company") (OTC: AUTCF.OB), concerning whether the company and certain of its officers and directors have violated federal securities laws.
On April 11, 2012, the SEC sued AutoChina International Ltd, its executives and others for securities fraud. The SEC alleges that AutoChina and 11 investors made hundreds of false trades between October 2010 and February 2012, aiming to boost trading volume in the company's shares to help improve its prospects for obtaining financing. On this news, shares of AutoChina fell around 17% to $17.00.
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 [email protected]. 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 and commercial litigation, as well as securities arbitration.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC