The law firm Finkelstein Thompson LLP has started investigation of claims of potential shareholders against the British Virgin Islands-incorporated Tongxin International, Ltd. Filed complaints of shareholders allege the BVI company of failure to accurately report its financial results to the investing public.
The complaints also allege that the revelation of these activities caused a dramatic collapse in the share price of the BVI company, exposing shareholders to massive losses. Since July 30, 2010, the Tongxin International has lost more than half of its value.
The law firm Finkelstein Thompson is delivering outstanding representation to institutional and individual clients in financial litigation cases, among them shareholder class actions. The firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.