San Diego, Dec. 2, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Camelot Information Systems Inc (ADR) (NYSE:CIS) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Camelot Information Systems Inc (ADR) (NYSE:CIS) between July 21, 2010 and August 17, 2011, concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding Camelot Information Systems business, its prospects and its operations were potentially materially false and misleading at the time they were made.
Camelot Information Systems Inc reported that its annual Revenue rose from $51.38million for 2007 to $192.86million in 2010 and its Net Income increased over the same time periods from $7.29million to $18.60million.

Camelot Information Systems Inc (ADR) reported that its third quarter Revenue rose from $44.07million last year to $59.40million this year. However, its third quarter Net Income fell from $3.37million to $2.88million.

Shares of Camelot Information Systems Inc (ADR) (Public, NYSE:CIS) rose from $10.77 on July 23, 2010 to $26.73 per share on January 7, 2011. Since then NYSE: CIS shares lost significantly value and traded recently at about 90% less value than January 2011.

On November 23, 2011 NYSE CIS shares traded as low as $1.78 per share.