NEW YORK, Nov. 2, 2007 LAWFUEL – US Litigation Announcement — The Rosen Law Firm
(http://www.rosenlegal.com) reminds current and former shareholders of LJ International, Inc. (“Jade”) (Nasdaq:JADE) that they have until November 19, 2007 to move for appointment as lead plaintiff.
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.
If you purchased the Jade securities during the period from February 15, 2007 through September 6, 2007, inclusive and wish to join the Jade securities litigation as a plaintiff, or for further information, please call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at
866-767-3653 or email [email protected] or [email protected]
You can join the class action online at http://www.rosenlegal.com.
The complaint charges Jade and certain of its officers and directors with violations of the Securities Exchange Act of 1934 for allegedly issuing false and misleading statements about its business prospects, financial condition, and its statements of revenues and net income. In particular, the Complaint asserts that throughout the Class Period, the Company issued false and misleading reports overstating the Company’s fiscal 2005 and 2006 financial results. As a result of these allegations, the complaint asserts that shareholders were damaged as the Jade’s stock declined.
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca