Sinotech Energy Limited Lawsuit Securities Investigation

Gilman Law LLP, a leading national securities law firm, is now accepting claims for lawsuits on behalf of SinoTech Energy Limited shareholders.

The firm is actively investigating shareholder claims that during the Class Period, SinoTech Energy Limited, the Company’s current and former executive officers and directors, and the underwriters of its initial public offering (IPO) violated the Securities Act of 1933. The firm is currently offering free legal evaluations to all SinoTech Energy Limited investors nationwide.
For over 30 years, Gilman Law has represented investors in all major aspects of securities fraud litigation, including stock manipulation, securities fraud, and shareholder rights violations. If you purchased the American Depositary Shares (“ADSs”) of SinoTech Energy (NASDAQ: CTE) pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the its IPO on November 3, 2010, between November 3, 2010 and August 16, 2011, and either lost money on the transaction or still hold the shares, you must contact Gilman Law LLP no later than October 18, 2011 in order to exercise your legal rights against SinoTech.

SinoTech Energy Limited Class Action Lawsuit Allegations

SinoTech, which provides enhanced oil recovery services to oil companies in the People’s Republic of China, has been named in a shareholder lawsuit filed in the United States District Court for the Southern District of New York. The Complaint alleges that certain representations made in the Registration Statement and Prospectus issued in connection with the Company’s IPO were materially inaccurate. Specifically, the Complaint alleges that the Company’s reported sales and revenues were materially inaccurate, because the nature, size and scope of its business was materially exaggerated.

On August 16, 2011, Alfredlittle.com published a report citing numerous red flags and false statements by the Company.  After the release of this report, SinoTech stock fell 42% in a single day, from $4.05/share on the morning of August 16, to $2.35/share.

Legal Help for SinoTech Energy Limited Shareholders

Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits, and has recovered over a billion dollars for its clients. We are ready to assist investors who have sustained losses as a result of SinoTech Energy Limited’s fraudulent practices.  For a free evaluation of your case or to obtain additional information, please fill out the form on the left or CALL TOLL FREE (888) 252-0048.