|By Marketwired .||
|January 7, 2014 12:39 PM EST||
NEW YORK, NY -- (Marketwired) -- 01/07/14 -- Due to the large number of inquiries from shareholders, The Rosen Law Firm provides this update on the FAB Universal Corporation (NYSE: FU) class action filed by The Rosen Law Firm on behalf of purchasers of FAB Universal common stock and call options or sellers of put options from June 15, 2012 to November 18, 2013.
The trading halt on FAB Universal common stock will not delay or halt the progress of the class action lawsuit filed by the Firm. The case is proceeding forward to the important January 17, 2014 lead plaintiff deadline. To date, the NASDAQ website continues to report a "T1" trading halt for FAB Universal common stock. Currently, the Rosen Firm cannot predict when the halt will be lifted, if at all. However, the lawsuit filed by the Rosen Firm seeks damages from the defendants caused by the halt in stock trading.
To join the FAB Universal class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free, at 866-767-3653; you may also email at [email protected] or [email protected] for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
If you wish to serve as lead plaintiff, you must move the Court no later than January 17, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at [email protected] or [email protected]. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekend Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827