Subaye, Inc SBAY Securities Lawsuit

Company:	Subaye, Inc
Ticker Symbol:	SBAY
Class Period:	Dec-29-09 to Apr-7-11
Date Filed:	Jul-3-13
Lead Plaintiff Deadline:	Sep-1-13
Court:	Southern District of New York.
Allegations:

New York, NY: A securities class action lawsuit has been filed on behalf of investors who purchased the securities of Subaye, Inc. (SBAY) during the period from December 29, 2009 to April 7, 2011 (the "Class Period"), seeking remedies under the federal securities laws.

No class has yet been certified. The Complaint alleges that DNTW Chartered Accountants LLP ("DNTW"), Subaye's auditor, falsely issued clean audit reports for Subaye's 2009 and 2010 10-Ks that stated that DNTW conducted its audits of Subaye in accordance with PCAOB standards. In reality, nearly all of Subaye's customers and business operations did not exist. In May 2013, the SEC filed a civil action against Subaye and others, indicating that DNTW knowingly issued false audit reports.

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.

Subaye, Inc SBAY Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Subaye, Inc securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.