HQ Sustainable Maritime Industries, Inc.
Robbins Umeda LLP Announces an Investigation of HQ Sustainable Maritime Industries, Inc. for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of HQ Sustainable Maritime Industries, Inc. (AMEX: HQS). The Firm has commenced an investigation into possible breaches of fiduciary duty and other violations of federal securities laws by certain officers and directors at HQ Sustainable. HQ Sustainable operates as an integrated aquatic product producing, processing, and farming company in the People’s Republic of China, Europe, and Asia. Its principal products include cross-bred hybrid of tilapia and white-legged shrimp that are exported to the United States, Canada, Japan, and Europe. The company was founded in 1989, and is headquartered in Seattle, Washington.
Robbins Umeda LLP’s investigation is focused on whether the officers and directors of HQ Sustainable have breached their fiduciary duties to shareholders. On March 17, 2011, the company announced that it had postponed the filing of its Form 10-K for the year ended December 31, 2010, due to delays in compiling the information necessary for the preparation of the financial statements. As a result of this announcement, the value of HQ Sustainable’s stock declined 23%. Subsequently, trading of the stock has been halted.
If you own stock in HQ Sustainable Maritime Industries, Inc. and would like more information about your shareholder rights, please complete the form below and we will contact you directly. We also welcome you to call us at 800-350-6003.