There've been 11 new class actions filed against Chinese or China-linked companies so far this year, in addition to the 12 filed last year. The alleged frauds are egregious--including monkey business in the 'reverse mergers' that often permit Chinese companies to obtain U.S. stock exchange listings--but the odds of a big recovery are long.
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As SEC Ramps Up Investigation of Chinese 'Reverse Mergers,' Shareholder Suits Mount Against China-Based, U.S.-Listed Companies
April 5, 2011
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