GROWTH IN SECURITIES LITIGATION AGAINST CHINESE ISSUERS
According to some reports, there are over 200 Chinese companies currently listed on U.S. securities exchanges, and the number will continue to grow. At the same time, the number of securities class...
View ArticleMind the GAAP: Chinese Companies Under Fire for Accounting Fraud
The SEC recently initiated stop order proceedings against China Intelligent Lighting and Electronics Inc. and China Century Dragon Media Inc. on suspicion of accounting fraud. As reported by The New...
View ArticleMind the GAAP: Addressing Fraud Trends at Chinese Companies
Last month we noted a trend concerning fraud and accounting irregularities at NYSE- and Nasdaq-listed Chinese companies. The trend is not being ignored: on July 11 and 12, representatives from the...
View ArticleRecent Shareholder-Oppression Decision Raises Uncertainty
A recent Texas Court of Appeals decision in Ritchie v. Rupe, 339 S.W.3d 275 (Tex.Civ.App. – Dallas 2011, pet. filed), raises uncertainty for boards of directors and management of privately held Texas...
View ArticleMisuse of Information as Insider-Trading: What Constitutes a Duty?
Recent business or financial news has been filled with reports of insider-trading cases that the Securities and Exchange Commission has been or is pursuing. Many of those cases involve large amounts...
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