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Provider: S&P Capital IQ Quantitative Report
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Provider: S&P Capital IQ Quantitative Report
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Faruqi & Faruqi, LLP Announces Investigation Of Potential Securities Fraud At American Oriental Bioengineering Inc


Friday, 10 Aug 2012 09:15pm EDT 

Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at American Oriental Bioengineering Inc. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) certain of the Company's capsule products maintained chrome levels far exceeding humanly tolerable limits; (2) the Company's financial statements contained material inconsistencies; (3) the Company's internal controls over financial reporting were deficient; and (4), as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times. 

Company Quote

0.08
-0.02 -20.00%
2 Apr 2014