Izard Nobel LLP Announces Class Action Lawsuit Against Puda Coal, Inc.

Puda Coal Inc. (AMEX:PUDA) is the subject of a recently filed class action lawsuit regarding an alleged violation of federal securities laws.

The press release is quoted as saying:

On April 11, 2011, Puda announced that its Audit Committee would investigate allegations raised on an investment website alleging various unauthorized transactions in the shares of a subsidiary company.

To read the full press release, click here.