RINO International Corporation RINO Securities Fraud

November 15 2010 - by Lucy Campbell

Company:	RINO International Corporation
Ticker Symbol:	RINO
Class Period:	Mar-31-09 to Nov-11-10
Date Filed:	Nov-15-10
Lead Plaintiff Deadline:	Jan-14-11
Court:	Central District of California.
Allegations:

New York, NY: A class action lawsuit has been filed on behalf of investors who purchased the common stock of RINO International Corporation ("RINO" or the "Company") during the period from March 31, 2009 to November 11, 2010, inclusive (the "Class Period"), seeking to recover damages for investors from violations of federal securities laws. The case is pending in the U.S. District Court for the Central District of California. No class has yet been certified.

The Complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against RINO and certain of its officers and directors for misrepresenting the Company's true financial performance. The Complaint alleges that contrary to the Company's annual report filed with the SEC for fiscal 2009 which reported $193 million of revenue, the Company's annual report filed with the Chinese authorities reported only $11 million of revenue for 2009. This discrepancy, along with other accounting inconsistencies, and questionable transactions between RINO and its management, has raised red flags and prompted an internal review. The Complaint asserts that when the market learned of this adverse information, the price of RINO stock dropped damaging investors.

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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