Sino Clean Energy, Inc SCEI Securities Fraud

May 9 2011 - by Lucy Campbell

Company:	Sino Clean Energy, Inc
Ticker Symbol:	SCEI
Class Period:	Apr-6-09 to May-5-11
Date Filed:	May-6-11
Lead Plaintiff Deadline:	Jul-5-11
Court:	Central District of California
Allegations:

New York, NY: A securities class action lawsuit has been filed on behalf of investors who purchased the common stock of Sino Clean Energy, Inc. (NASDAQ: SCEI) alleging that Sino-Clean issued materially inaccurate financial statements to the investing public between April 6, 2009 and May 5, 2011. 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 the federal securities laws against Sino Clean and its officers and directors for issuing materially false and misleading financial statements to investors. According to the Complaint, between April 25 and April 28, a report was disseminated allegedly showing little or no activity in the Company' factories. On May 1, a further report was published showing that the Company' Chairman may have violated U.S. and Chinese law by defrauding Chinese investors, exposing the Company to civil and criminal liability. On May 3, the Company issued a "rebuttal"and invited investors to view video evidence of activities in its plants. On May 4, reports surfaced that the Company' video evidence was inconsistent with meteorological conditions. The Company' stock price fell, 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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