Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been Filed Against SinoHub, Inc.

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Nov 23, 2012, 08:30 ET

NEW YORK, Nov. 23, 2012 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC, announces that a class action has been filed on behalf of purchasers of the securities of SinoHub, Inc. ("SinoHub" or the "Company") (OTC: SIHI), who purchased shares during the period between May 17, 2010 and August 21, 2012 inclusive, (the "Class Period"), concerning whether the company and certain of its officers and directors have violated federal securities laws.

The Complaint alleges violations of the federal securities laws against SinoHub and certain of its officers and directors for issuing materially false financial information. In addition, SinoHub allegedly concealed that its internal controls over financial reporting were ineffective. SinoHub's auditors resigned citing potentially inaccurate financial data, as did several members of its board of directors. When this adverse information was disclosed, the value of SinoHub stock dropped, substantially damaging investors

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. January 21, 2013, is the deadline for investors to seek a lead plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Eitan Kimelman, 212-697-6484

[email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC