Contact Center Industry News

TMCNet:  EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Kingold Jewelry, Inc. - KGJI

[April 08, 2014]

EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Kingold Jewelry, Inc. - KGJI

NEW YORK --(Business Wire)--

The Rosen Law Firm announces that it is investigating potential securities claims against Kingold Jewelry, Inc. (NASDAQ:KGJI) resulting from allegations that Kingold may have issued materially misleading business information to the investing public.

On April 4, 2014, Seeking Alpha published an article asserting that Kingold's accounting and management practices raise several red flags. The article states, among others things, that Kingold's management entered into a $52.4 million loan to a related party during the fourth quarter of 2013 without proper notification or approval by Kingold's Board of Directors. The articles also raises other issues such as Kingold's rapid growth of inventoryand constant low level of cash, as well as Kingold's questionable purchase of land rights in Wuhan, China with the intent to develop an "Industrial Park." These adverse facts caused the Company's stock to fall $0.21 per share, or approximately 13%, on April 7, 2014 damaging investors.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Kingold stock prior to April 4, 2014, please visit the website at to take action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq., or of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at or

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

[ Back To Cloud Contact Center's Homepage ]


Featured Resources

Featured Report
Millennial Research on Customer Service Expectations

Millennial Research on Customer Service Expectations

The "why" behind this research is simple: our clients recognize that different generations bring different expectations, varied communication preferences and new customer service patterns to the customer experience...
Featured Report
Optimizing the Customer Experience through Cloud Contact Centers

Optimizing the Customer Experience through Cloud Contact Centers

Adoption of cloud contact centers is on the rise. Findings from Aberdeen's January 2014 'Public Cloud vs. On-Premise: How to More Effectively Deploy a Cloud Center' study shows that 31% of contact centers are deployed in the cloud, and our related blog post highlights that companies anticipate their adoption of cloud technology to rise further throughout 2014...
Featured Report
Aberdeen report

Aberdeen Report: Cloud for Mid-Sized Contact Centers – What You Must Know

Cloud Technology is opening new doors for many businesses. However, it does so only when it's combined with the use of best practices and key technology enablers. This document highlights the adoption of cloud technology by mid-size contact centers and illustrates the reasons driving their investments...
Featured Whitepaper
Aberdeen report

Seven Critical Capabilities to Demand From Your Cloud Contact Center Provider

To deliver a world-class customer experience, your contact center must be flexible and reliable, while providing all the tools agents and supervisors need to manage their workflows. Here are seven critical capabilities to look for when deploying a contact center in the cloud...
Featured Webinar

Contact Center Economics and the Cloud

Together, Bob and Drew will help you understand the economic value of upgrading technology, important business and financial considerations, and how to compare total cost of ownership of a premises vs. cloud or hosted solution. Watch the webinar on-demand now...
Featured Datasheet
Zipwire Cloud Contact Center

Zipwire Cloud Contact Center

The appeal of moving services to the cloud is obvious. Cloud services offer reliability and robust feature sets without the need to implement or maintain complex contact center infrastructure. The Zipwire™ cloud-based contact center allows businesses to leverage the flexibility and cost savings of cloud architecture while offering a seamless, first-class customer experience...