A class action has been filed in the United States District Court for the Central District of California on behalf of investors who purchased common stock of China Integrated Energy, Inc. (NASDAQ: CBEH) from March 31, 2010 through March 16, 2011 (the “Class Period”), seeking investor remedies under the federal securities laws.

According to the Complaint, China Integrated issued materially false and misleading financial statements to investors because it concealed related-party transactions. On March 16, 2011, analyst firm Sinclair Upton Research issued a report alleging that China Integrated concealed a host of transactions between the Company and its officers and directors that had the effect of funneling cash to these officers and directors. In addition, citing Chinese SAIC filings, the report stated that China Integrated misrepresented its financial performance, business prospects, and financial condition to investors. These adverse disclosures caused China Integrated’s stock price to drop, damaging investors.

On March 23, 2011, the Company issued a rebuttal, in which it denied most of Sinclair Upton’s allegations, but conceded that it had engaged in an undisclosed related party transaction with the CEO’s 22 year old son. After the Company’s rebuttal, the stock price fell once again, damaging investors.

If you are a current shareholder and purchased during the period March 31, 2010 through March 16, 2011 and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.