China Education Alliance, Inc CEU Securities Stock Fraud

Company:	China Education Alliance, Inc
Ticker Symbol:	CEU
Class Period:	Mar-31-09 to Nov-29-10
Date Filed:	Dec-6-10
Lead Plaintiff Deadline:	Feb-4-11
Court:	Central District of California
Allegations:

New York, NY: A class action lawsuit was filed in the United States District Court for the Central District of California on behalf of purchasers of China Education Alliance, Inc. ("China Education Alliance" or the "Company") common stock from March 31, 2009, to November 29, 2010 (the "Class Period").

The complaint alleges that China Education Alliance violated the Securities Exchange Act by improperly reporting $24.9 million in revenue in its 2008 annual report, filed with the Securities and Exchange Commission, contradicting a report that the Company's main operating subsidiary filed with the Chinese authorities, which revealed less than $1 million in revenue.

On November 29, 2010, Kerrisdale Capital published a 30-page report citing evidence that China Education Alliance overstated its revenue and profit and called the Company "mostly a hoax." In reaction to the news, China Education Alliance shares fell 33.56% to close at $2.93 on November 29, 2010.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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