Science & Technology
Science and Technology
Science and Technology
Thu, April 28, 2011
Wed, April 27, 2011
Faruqi & Faruqi LLP Investigates Potential Wrongdoing at ZST Digital Networks, Inc. (ZSTN)
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a national law firm concentrating on protecting the rights of investors and consumers and enforcing federal antitrust laws, is investigating potential wrongdoing at ZST Digital Networks, Inc. (aZSTa or aCompanya) (NASDAQ: ZSTN). Faruqi & Faruqi seeks to determine whether ZST has issued materially misleading financial statements and statements of its operating condition.
A securities analyst has raised questions about the Companya™s recognition of revenue, claiming that ZST disclosed in filings to the Securities and Exchange Commission (aSECa) revenue amounts that greatly exceeded amounts it disclosed to Chinese regulators. In addition, in certain SEC filings ZST reported that it paid asubstantiala taxes in China while simultaneously reporting to Chinese regulators that it paid none. In addition, the analyst noted, the Company may disclosed materially misleading information about its customers. On the disclosure of this report, the Company's common stock price fell from an April 20, 2011 close of $4.36 to an April 21, 2011 close of $2.68 on enormous volume of over three million shares traded.
Request more information now by clicking here: [ www.faruqilaw.com/ZSTN ].
If you purchased ZST stock prior to April 21, 2011, Faruqi & Faruqi urges you to contact it immediately to discuss this investigation and your legal rights. You may contact the Faruqi & Faruqi by calling Anthony Vozzolo at, toll free, at 877-247-4292 or 212-983-9330 or by sending him an email at [ avozzolo@faruqilaw.com ]. Faruqi & Faruqi also encourages anyone with information regarding the conduct of Health Net or its employees during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City, with offices in Delaware, California, Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.
