Hagens Berman Investigates Duoyuan Printing for Potential SEC Violations by EON


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									Hagens Berman Investigates Duoyuan Printing for
Potential SEC Violations
New Law Protects, Rewards Whistleblowers Who Step Forward to Report SEC Violations

September 21, 2010 10:18 PM Eastern Daylight Time  

NEW YORK--(EON: Enhanced Online News)--Hagens Berman Sobol Shapiro LLP announced it is investigating
allegations made against Duoyuan Printing (NYSE: DYP) in the U.S. District Court of the Southern District of New

Beijing-based Duoyuan is a leading offset printing equipment supplier. Duoyuan issued a Registration Statement and
Prospectus in connection with its initial public offering on November 6, 2009. The Registration Statement and
Prospectus were issued to sell more than 6.4 million shares of common stock at $8.50 per share.

On September 13, 2010, Duoyuan announced the dismissal of its independent registered accounting firm and the
reorganization of top management. Duoyuan further stated that it could not verify certain company expenses related
to advertising and tradeshow costs. Duoyuan is also alleged to have had improper relationships with certain vendors
and distributors. It is also alleged that the company’s financial statements were misstated between November 6,
2009 and September 13, 2010, and that Duoyuan lacked adequate internal and financial controls.

On September 13, 2010, Duoyuan shares plunged 54 percent, closing at $2.99 per share after news that the
company dismissed its independent accounting firm and reorganized its top management. The CEO, CFO and four
board members also resigned.

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law in July, the SEC can
award between 10 percent and 30 percent of any monetary sanctions of more than $1 million to whistleblowers who
provide “original information” leading to a successful SEC enforcement.

Whistleblowers may remain anonymous and work with the SEC through an attorney. Under the new law,
whistleblowers are also granted expanded rights and protections against employer retaliation when disclosing
information of corporate wrongdoing to the SEC.

If you have information related to this investigation, you are encouraged to call Peter E. Borkon at 510-725-3000
for a confidential discussion, or reach the Hagens Berman legal team at http://www.hbsslaw.com/cases-and-

About Hagens Berman

Seattle-based Hagens Berman Sobol Shapiro LLP represents investors, whistleblowers and consumers in complex
litigation. The firm has offices in Boston, Chicago, Los Angeles, Phoenix, San Francisco and Washington, D.C.
Founded in 1993, HBSS continues to successfully fight for investor rights in large, complex litigation. More about the
law firm and its successes can be found at www.hbsslaw.com. Visit the firm’s securities blog at

Firmani + Associates Inc.
Mark Firmani, 206-443-9357

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