Science & Technology
Science and Technology
Science and Technology
Tue, April 19, 2011
Mon, April 18, 2011
The Briscoe Law Firm Investigates Subaye, Inc. on Behalf of Shareholders for Possible Breaches of Fiduciary Duties by its Offic
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the officers and Board of Directors of Subaye, Inc. (aSubayea or aSBAYa) (NYSE: SBAY) during the period of December 29, 2009 through April 7, 2011 (the aClass Perioda).
It has been alleged in a recently filed complaint that during the Class Period, Subaye and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to Subayea™s business and operations in violation of the Securities Exchange Act of 1934. On April 7, 2011, Subaye disclosed its auditor, PricewaterhouseCoopers Hong Kong (aPwCa) resigned. PwC identified matters that may materially impact the fairness and reliability of Subayea™s quarterly financial information for the three months ended December 31, 2010 and may cause PwC to be unwilling to rely on managementsa™ representations.
If you currently own or purchased Subaye/SBAY shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
