NEW YORK, NY – LAWFUEL – The Law News Network – The Rosen Law Firm P.A. has filed a class action lawsuit on behalf of all investors who purchased common stock of HydroFlo, Inc. (the “Company” or “HydroFlo”) (OTC BB: HYRF) during the period from July 18, 2005 through October 26, 2005, inclusive (the “Class Period”). The Rosen Law Firm has been retained to recover investors’ stock losses from HydroFlo and certain of its officers and directors for alleged violations of the federal securities laws.
To join the HydroFlo securities litigation as a plaintiff or for further information, please call Laurence Rosen, Esq. toll-free at 866-767-3653 or email [email protected]
You may join the class action online at http://www.rosenlegal.com
The complaint charges that the defendants violated sections 10(b) and 20(a) of the Exchange Act by issuing a series of false and misleading press releases to the market during the Class Period. The complaint alleges that HydroFlo issued several materially false and misleading press releases concerning the Company’s Metals & Arsenic Removal Technology, Inc. (MARTI) and Advance Water Recycle Inc., (AWRI) wholly owned portfolio companies. The complaint charges that the defendants misrepresented the type, terms, amendments, demand, and revenue projections from certain agreements between MARTI and EYI Industries and its subsidiaries during the Class Period. In addition, the complaint alleges that defendants misrepresented the existence and nature of certain agreements with government entities involved in the Hurricane Katrina relief effort. As a result of the Company’s materially false and misleading statements to the market, according to the complaint, the price of HydroFlo stock was artificially inflated in the Class Period.
The lawsuit, civil action no. 4:05 CV 152-F3, is pending in the United District Court for the Eastern District of North Carolina, Eastern Division against defendant HydroFlo and certain of its officers and directors. The case is assigned to United States District Judge James C. Fox.
If you wish to serve as lead Plaintiff you must move the Court no later than 60 days from today. A copy of the complaint filed in this action is available from the Court, or can be viewed on the Rosen Law Firm website at: http://www.rosenlegal.com
If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff’s counsel, Laurence Rosen, Esq. of the Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] You can also join this class action online at http://www.rosenlegal.com .
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.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827