A class action lawsuit was filed in the United States District Court for the Southern District of Florida, on behalf of purchasers of the common stock of Yuhe International, Inc. (NASDAQ: YUII) between December 31, 2009, and June 23, 2011.

According to the complaint, on June 16, 2011, GeoInvesting published a report that revealed to investors that Yuhe did not acquire 13 breeder farms from Weifangshi Dajiang Group Co. Ltd, as Yuhe represented. In reaction to the report, shares of Yuhe fell more than 70% to close at $1.21 per share on June 17, 2011, when NASDAQ imposed a trading halt.

On June 23, 2011, Yuhe announced that its auditor resigned due to “management’s misrepresentation and failure to disclose material facts surrounding certain acquisition transactions and off-balance sheet related party transactions.” The auditor said Yuhe’s 2010 financial statements should not be relied upon.

If you are a current shareholder or purchased shares during the period of December 31, 2009, and June 23, 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.