The Rosen Law Firm Files Class Action Lawsuit Charging RINO International Corporation

The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors who purchased the common stock of RINO International Corporation RINO during the period from March 31, 2009 to November 11, 2010, inclusive seeking to recover damages for investors from violations of federal securities laws. The Complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against RINO and certain of its officers and directors for misrepresenting the Company's true financial performance. The Complaint alleges that contrary to the Company's annual report filed with the SEC for fiscal 2009 which reported $193 million of revenue, the Company's annual report filed with the Chinese authorities reported only $11 million of revenue for 2009. This discrepancy, along with other accounting inconsistencies, and questionable transactions between RINO and its management, has raised red flags and prompted an internal review. The Complaint asserts that when the market learned of this adverse information, the price of RINO stock dropped, damaging investors.