The Rosen Law Firm Announces Investigation of Securities Claims Against China Century Dragon Media, Inc. – CDM by EON

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NEW YORK--(EON: Enhanced Online News)--Rosen Law Firm representing China Century Dragon Media shareholders investigating securities fraud claims a style='font-size

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									The Rosen Law Firm Announces Investigation of
Securities Claims Against China Century Dragon
Media, Inc. – CDM
March 28, 2011 10:47 PM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--The Rosen Law Firm, P.A. announces that it is investigating
potential securities claims against China Century Dragon Media, Inc. (AMEX: CDM) (“China Century” or the
“Company”) resulting from allegations that the Company may have issued materially inaccurate financial statements
since the fiscal year ended December 31, 2008.

On March 21, 2011 trading in the Company’s stock was inexplicably halted. On March 28, 2011 the Company
issued an announcement revealing that its auditor MaloneBailey LLP (“MB”) had resigned and that MB had
withdrawn its prior audit opinions of the Company’s financial statements. MB informed the Company that “due to
discrepancies noted on customer confirmations and the auditor's inability to directly verify the Company's bank
records, they believe these irregularities may be an indication that the accounting records have been falsified, which
would constitute an illegal act.” As a result, MB “is unable to rely on management’s representations as they relate to
previously issued financial statements and it can no longer support its opinions related to the financial statements as of
December 31, 2009 and 2008.” The announcement also revealed that the Company was subject to a formal
investigation by the SEC into whether “the Company had made material misstatements or omissions concerning its
financial statements, including cash accounts and accounts receivable.” 

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of China Century investors. If you
purchased or acquired China Century securities at any time prior to March 28, 2011, please visit the website at
http://rosenlegal.com for more information. You may also contact Laurence Rosen, Esq., or Phillip Kim, Esq. of The
Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts
The Rosen Law Firm P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com

								
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