NEW YORK, June 15, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A.
reminds investors of the important July 25, 2012 lead plaintiff
deadline in the class action lawsuit the firm filed on behalf of
securities purchasers of ChinaCast Education Corporation (Nasdaq:CAST)
("ChinaCast") between February 14, 2011 and April 2, 2012 (the "Class
To join the ChinaCast class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at
866-767-3653; you may also email firstname.lastname@example.org for information on
the class action.
The Complaint asserts violations of the federal securities laws against
ChinaCast and its present and former officers and directors for issuing
false and misleading information to investors about the Company's true
financial and business condition. Specifically, the Complaint alleges
ChinaCast issued materially false and misleading financial statements
during the Class Period because undisclosed material weaknesses in the
Company's internal controls and the alleged wrongful transfer of $120
million in cash by CEO Chan from bank accounts of ChinaCast's
If you wish to serve as lead plaintiff, you must move the Court no
later than July 25, 2012. A lead plaintiff is a representative party
acting on behalf of other class members in directing the litigation. If
you wish to join the litigation, or to discuss your rights or interests
regarding this class action, please contact Phillip Kim, Esq. of The
Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at
email@example.com. You may also visit the firm's website at
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
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