Hagens Berman Sobol Shapiro LLP announced it is investigating allegations made against Duoyuan Printing (NYSE: DYP) in the U.S. District Court of the Southern District of New York.Beijing-based Duoyuan is a leading offset printing equipment supplier. Duoyuan issued a Registration Statement and Prospectus in connection with its initial public offering on November 6, 2009. The Registration Statement and Prospectus were issued to sell more than 6.4 million shares of common stock at $8.50 per share. On September 13, 2010, Duoyuan announced the dismissal of its independent registered accounting firm and the reorganization of top management. Duoyuan further stated that it
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