Fuqi International, Inc. Named By Weiss & Lurie In Class Action

April 08 2010

NEW YORK, April 8, 2010/BusinessWire/ -- A class action lawsuit against Fuqi International, Inc. (“Fuqi” or the “Company”)(NASDAQ:FUQI) and certain individuals associated with the Company was commenced in the United States District Court for the Southern District of New York on behalf of shareholders who purchased Fuqi shares between May 15, 2009 and March 16, 2010.

The complaint charges Fuqi and certain of its executive officers with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants misrepresented or omitted information regarding the Company and its business operations. The misrepresentation and/or omission of information caused the Company's stock price to plummet.

This action seeks to recover damages on behalf of defrauded investors who purchased Fuqi securities. Plaintiff is represented by Weiss & Lurie, a law firm possessing significant experience and expertise in prosecuting class actions on behalf of defrauded shareholders in federal and state courts throughout the United States. Weiss & Lurie has been responsible for collectively recovering more than a billion dollars on behalf of class members and is one of the nation’s leading firms representing shareholders in securities class actions.

If you purchased Fuqi securities during the period of May 15, 2009 and March 16, 2010, you may move the court no later than May 18, 2010, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.

If you want to obtain a copy of the complaint or want more information about Weiss & Lurie or this action, or if you want to obtain a Certification form to serve as a lead plaintiff, please visit http://www.weisslurie.com. If you wish to receive an investor package or if you wish to discuss this action, have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact:

Joseph H. Weiss or Mark D. Smilow, (888) 593-4771 or (212) 682-3025 or via Internet electronic mail at .(JavaScript must be enabled to view this email address) or by writing Weiss & Lurie, The French Building, 551 Fifth Avenue, Suite 1600, New York City 10176.