Printer Friendly

Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Yongye International, Inc.

BENSALEM, Pa. -- Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of Yongye International, Inc. ("Yongye" or the "Company") (NASDAQ:YONG) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding Yongye's business, operations and financial prospects were false and misleading.

Yongye engages in the development, manufacture and distribution of fulvic acid-based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in the People's Republic of China. The investigation is related to an analyst report issued May 18, 2011, by Absaroka Capital Management, LLC, which alleged, among other things, that the Company has misrepresented and/or failed to disclose material adverse information concerning Yongye's approximately $35 million acquisition of a lignite coal project in Wuchuan County, China, and that the Company has misrepresented the development and efficacy of Yongye's main fertilizer product - Shengmingsu. Following these disclosures, Yongye's share price dropped approximately 18%, to close on May 19, 2011, at $3.52 per share on heavy trading volume of more than 4.7 million shares traded.

If you purchased Yongye securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to, or visit our website at
COPYRIGHT 2011 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Yongye International, Inc.
Publication:Business Wire
Geographic Code:1U2PA
Date:May 21, 2011
Previous Article:Law Office of Brodsky & Smith, LLC Announces Investigation of Orthovita, Inc.
Next Article:United Online to Present at 12th Annual B. Riley & Co. Investor Conference.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters