With four more securities suits involving Chinese or
China-linked companies this past Friday, the phenomenon of securities class
action lawsuits against these firms has emerged as one of the most distinct
securities litigation trends so far this year. The filing trend actually first
emerged in the...
For several years, Friday has been the day when the
latest bank closures are announced (about which see further below). More
recently, Friday also seems to be the day when the latest securities class
actions involving Chinese companies are announced. This past Friday alone,
three more securities...
Even though the story has been brewing
for months , the mainstream media and the SEC suddenly seem to have decided
that the alleged accounting frauds involving certain U.S.-traded Chinese
companies are the central story of the moment. You can hardly pick up the
business papers or turn on the television...