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.
As SEC Ramps Up Investigation of Chinese 'Reverse Mergers,' Shareholder Suits Mount Against China-Based, U.S.-Listed Companies
April 5, 2011
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.