|[June 16, 2014]
INVESTOR ALERT: Class Action Lawsuit Against China Ceramics Co., Ltd. Filed By Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP, representing investors of China
Ceramics Co., Ltd. ("China Ceramics" or the "Company")
(NASDAQ:CCCL), has filed a class action lawsuit in the United States
District Court for the Southern District of New York on behalf of a
class (the "Class") comprising all purchasers of China Ceramics common
stock between March 30, 2012 and May 1, 2014, inclusive (the "Class
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224
or at (212) 682-5340, or by email to email@example.com
to discuss this matter.
China Ceramics is based in the People's Republic of China and is a
leading Chinese manufacturer of ceramic tiles used for exterior siding
and for interior flooring and design in residential and commercil
buildings. The Complaint alleges that the Company misrepresented or
failed to disclose material weakness in the Company's internal control
over financial reporting and the risk of writedowns of its assets.
On November 13, 2013, the Company announced its financial results for
third quarter 2013, and disclosed a substantial asset writedown of
property, plant and equipment. Then, on May 1, 2014, NASDAQ announced a
halt in trading of the common shares of China Ceramics pending
"additional information requested." Also on May 1, 2014, the Company
filed with the Securities and Exchange Commission a notification of the
Company's inability to timely file its annual report with the SEC (News - Alert) for
the year ended December 31, 2013.
If you are a member of the Class described above, you may move the Court
no later than August 5, 2014, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to
learn more about this action, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to firstname.lastname@example.org,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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