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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
Levi & Korsinsky Notifies Investors With Losses on Their Investment in Longwei Petroleum Investment Holding Limited of Class Action Lawsuit and the Deadline of March 5, 2013 to Seek a Lead Plaintiff Position

NEW YORK, NY -- (Marketwire) -- 02/06/13 -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who acquired Longwei Petroleum Investment Holding Limited ("Longwei" or "the Company") (NYSE MKT: LPH) stock between May 17, 2010 and January 3, 2013.

For more information, click here:

The complaint alleges that the Company: (a) exaggerated its November 2012 sales figures for its fuel depot storage facilities in Taiyuan and Gujiao, Shanxi; (b) failed to disclose a $32 million investment in a tourism business made by Longwei's subsidiary, Shanxi Zhinghe Energy Conversion Co., Ltd.; and (c) that as a result of the foregoing, the Company's statements regarding its business, operations and financial performance were materially false and misleading, and resulted in the Company's stock trading at artificially inflated prices during the Class Period.

On January 3, 2013 a report published by noted these and other allegations of public disclosure fraud. Upon release of these allegations, shares of Longwei stock fell more than 70 percent.

If you suffered a loss in Longwei you have until March 5, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510

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