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LAWSUITS NEWS & LEGAL INFORMATION

Preliminary $800,000 Settlement Reached in China Shenghuo Pharmaceutical Holdings Securities Class Action


This is a settlement for the Securities/Stock Fraud lawsuit.

New York, NY: The United States District Court for the Southern District of New York has approved the following announcement of a proposed securities class action settlement that, if approved, would benefit certain purchasers of shares of China Shenghuo Pharmaceutical Holdings, Inc. (AMEX:KUN).

To all persons who purchased the publicly traded common stock of China Shenghuo Pharmaceutical Holdings Inc, during the period from August 16, 2007 and August 19, 2008 inclusive:

Pursuant to an Order of the United States District Court for the Southern District of New York, a hearing will be held on March 18, 2011 (the "Settlement Hearing"), for the purpose of determining:(1)whether the proposed Settlement consisting of the sum of $800,000 in cash, should be approved by the Court as fair, reasonable, and adequate; (2)whether the proposed plan to distribute the settlement proceeds is fair, reasonable and adequate; (3)whether the application for an award of attorneys' fees of one third of the Settlement amount and reimbursement of expenses of not more than $50,000 should be approved; and (4)whether the Litigation should be dismissed with prejudice.

If you purchased common stock of China Shenghuo during the period from August 16, 2007 and August 19, 2008, inclusive, your rights may be affected by the Settlement of this action.If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to China Shenghuo Securities Litigation, c/o Strategic Claims Services, Claims Administrator, P.O. Box 230, 600 North Jackson Street, Suite 3, Media, PA 19063, or going to the website, www.strategicclaims.net/csp. If you are a member of the Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release no later than May 17, 2011, establishing that you are entitled to recovery.You will be bound by any judgment rendered in the Litigation whether or not you make a claim.

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Published on Dec-21-10


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