Milberg LLP Reminds Shareholders of Lead Plaintiff Motion Deadline in Securities Class Action Lawsuit Against Wonder Auto Technology, Inc.

NEW YORK, July 25, 2011 (GLOBE NEWSWIRE) -- Class action lawsuits have been filed on behalf of those who purchased common stock of Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company") WATG between May 14, 2008, and May 6, 2011 (the "Class Period").

The lawsuits allege that on March 1, 2011, the Company announced that its financial statements for 2008 and 2009 "should no longer be relied upon due to a cutoff error regarding timing of revenue in such periods." On May 6, 2011, NASDAQ halted the trading of Wonder Auto stock. On May 20, 2011, the Company stated that an Audit Committee investigation had been commenced "in response to a report alleging that the Company had engaged in several transactions without properly disclosing their related-party nature."

If you purchased Wonder Auto common stock during the Class Period you may, no later than August 1, 2011, request that the court appoint you as lead plaintiff of the proposed class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Your share in any recovery will not be enhanced or diminished by serving as a lead plaintiff, however, lead plaintiffs make important decisions that could affect the overall recovery for class members. You do not need to be a lead plaintiff to recover in a class action; you can recover as an absent class member. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover as an absent class member. If this action is certified as a class action, class members will be automatically represented by court-appointed counsel. The lawsuits discussed here were not filed by Milberg.

Milberg LLP has been representing individual and institutional investors for more than four decades and serves as lead counsel in federal and state courts throughout the United States. Please visit the Milberg website (www.milberg.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions regarding this matter, please contact the following attorney: 

Andrei V. Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: contactus@milberg.com

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