The wave of new securities class action lawsuits involving accounting scandals at U.S-listed Chinese firms is already a well-established phenomenon . But in the latest twist on the tale, Deer Consumer Products , one of the U.S.-listed Chinese companies... Read More
During 2011, plaintiffs filed a wave of securities class action lawsuits against U.S.-listed Chinese companies. There were 39 of these lawsuits filed in 2011 (out of 218 total securities class action lawsuit filings in 2011), as discussed here . ... Read More
Yet another U.S.-traded Chinese-based company has been hit with an accounting fraud securities class action lawsuit. The latest lawsuit, involving Longtop Financial Technologies Limited , comes after a series of stunning announcements from the company... Read More
Despite marked alleged differences between revenues and profits reported in China Century Dragon Media's U.S. IPO prospectus and the equivalent figures reported in its Chinese operations' filings in China, a federal court has granted the dismissal... Read More
For many years, one of the fundamental goals of shareholder rights activists has "proxy access," which would require corporations to include shareholder nominated board candidates on the company's proxy ballots. Last year, in the wake... Read More