EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Pingtan Marine Enterprise Ltd. - PME

NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities claims against Pingtan Marine Enterprise Ltd. (NASDAQ: PME) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

On November 6, 2014, Pingtan Marine Enterprise announced that it will restate its previously issued annual financial statements for the years ended December 31, 2013 and 2012, and for the quarters ended March 31, 2014 and 2013, and June 2013 and 20143. The Company revealed the restatements will primarily reflect 20 fishing vessels leased from a related party, clarifications to certain disclosures, and other miscellaneous adjustments. On this news, shares of Pingtan Marine Enterprise fell sharply during intraday trading on November 7, 2014, damaging investors.

The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Pingtan Marine Enterprise shareholders as a result of this adverse information. If you purchased Pingtan Marine Enterprise stock on or before November 6, 2014, please join the class action at http://rosenlegal.com/cases-430.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [e-mail] or [e-mail].

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.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34^th Floor
New York, NY 10016
Tel: [phone]
Toll Free: [phone]
Fax: [phone]
[e-mail]
[e-mail]
[e-mail]
www.rosenlegal.com