Robbins Umeda LLP Announces an Investigation of HQ Sustainable Maritime Industries, Inc. for Shareholders

April 7, 2011 12:14

Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of HQ Sustainable Maritime Industries, Inc, reports with reference to HQ Sustainable Maritime Industries, Inc.

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.

If you own shares in HQ Sustainable and would like more information about your shareholder rights, please contact Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

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.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The Firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

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