Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Keyuan Petrochemicals, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that all persons or entities who purchased the common stock of Keyuan Petrochemicals, Inc. (“Keyuan” or the “Company”) (OTC:KEYP.PK) between August 16, 2010 and October 7, 2011, inclusive (the “Class Period”), have until January 17, 2012 to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Central District of California.

Keyuan, through its subsidiaries, engages in the manufacture and sale of petrochemical products in the People’s Republic of China. The Complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations that defendants issued a series of material misrepresentations and/or failed to disclose material adverse information to the market, which had the effect of artificially inflating the market price of Keyuan common stock.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Keyuan common stock between August 16, 2010 and October 7, 2011, you have certain rights, and have until January 17, 2012, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.