China Integrated Energy, Inc. (fka CBEH)

[Ecomike]

Ambulance chasing is being stepped up! LOL

Now the same Dallas law firm is going after National Semiconductor for a 100% GAIN offer from TI in a buy out offer? Did they get caught playing the short side of NSM when the news came out and the stock doubled, and now they want to scare investors? Are these law firms in trouble and desperate for new business? This one just makes no sense to me? IIRC they announced they were going after ABAT just a few days ago. Today they are claiming the TI offer may be too low? LOL

Quote:

Law Firm Goldfarb Branham LLP Announces Investigation of National Semiconductor Corporation Buyout
BY Business Wire
— 10:01 AM ET 04/05/2011

DALLAS--(BUSINESS WIRE)-- Goldfarb Branham LLP is investigating potential shareholder claims against the board of directors of National Semiconductor in connection with the company’s proposed buyout by Texas Instruments for $25 per share. Concerned National Semiconductor stockholders are encouraged to contact attorney Hamilton Lindley

“Our investigation focuses on whether National Semiconductor’s board is selling the company for a fair price and disclosed important information for shareholders,” said securities lawyer Hamilton Lindley. “The proposed class action lawsuit seeks to ensure that the company’s board is shopping the company competitively, and for what it is worth.”

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide.

Source: Goldfarb Branham, LLP

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In other news today:

08:18 AM Eastern Daylight Time, 04/05/2011 (MidnightTrader) -- China Integrated Energy (CBEH) is lower after it says the Audit Committee of the company's Board of Directors has hired Pillsbury Winthrop Shaw Pittman LLP who, in turn, with the Audit Committee retained Deloitte Financial Advisory Services LLP to, together, advise the company's Audit Committee with regard to the Audit Committee's independent investigation into various issues raised by certain individuals.

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Do we have any accountant gurus here? Thoughts on who they hired, and why they hired 2 firms?