Law Offices of Howard G. Smith announces that all purchasers of the
American Depositary Shares (“ADS”) of Ambow Education Holding Ltd.
(“Ambow” or the “Company”) (NYSE:AMBO) between May 18, 2011 and May 16,
2012, inclusive (the “Class Period”), have until August 10, 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.
Ambow provides educational and career enhancement services in the
People’s Republic of China. The Complaint alleges that Ambow and certain
of its executive officers issued false and/or misleading statements
about Ambow’s business, operations and prospects, including that: (1)
certain of the Company’s distributors did not have an adequate history
of timely payment; (2) as such, the collection of resulting receivables
from these distributors was not reasonably assured; (3) as a result, the
Company was improperly recognizing revenue on sales to these
distributors; (4) the Company was improperly accounting for certain
business acquisitions; (5) as a result of the foregoing, the Company’s
financial results were misstated during the Class Period; (6) the
Company lacked adequate internal and financial controls; and (7), as a
result of the above, the Company’s financial results were materially
false and misleading at all relevant times.
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 Ambow ADSs between May 18, 2011 and May 16, 2012, you have
certain rights, and have until August 10, 2012 to move for lead
plaintiff status. To be a member of the class you need not take any
action at this time, or may retain counsel of your choice. If you wish
to discuss this action or have 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 (215) 638-4847,
Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.