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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of China-Biotics, Inc.

^{Published on 2010-09-16 17:40:42 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against China-Biotics, Inc. (aChina-Bioticsa or the aCompanya) (NASDAQ:CHBT) concerning possible breaches of fiduciary duty or other violations of law by the Company or its board of directors. China-Biotics engages in the research, development, production, marketing and distribution of probiotics products in the People's Republic of China. The Companya™s products contain live microbial food supplements, which purportedly have a beneficial effect by altering the intestinal microbial balance.

The investigation concerns recently published reports questioning the Companya™s claims in U.S. Securities and Exchange Commission (aSECa) filings concerning China-Biotics' purported distribution network, the Companya™s financial condition and financial statements filed with the SEC, and material discrepancies between filings with the State Administration for Industry & Commerce of the People's Republic of China by the Companya™s main operating subsidiary a" Shanghai Shining Biotechnology Co., Ltd a" and those filed with the SEC by China-Biotics.

If you purchased the stock of China-Biotics and still hold those shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement 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 [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].