Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

China Shenghuo Finalizes Settlement of Securities Class Action


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

Washington, DC: China Shenghuo Pharmaceutical Holdings, Inc. (China Shenghuo) (AMEX: KUN) announced today the final approval by the court of a settlement agreement resolving and dismissing all claims asserted against the company in the consolidated securities class action lawsuit, Varghese, et al v. China Shenghuo Pharmaceutical Holdings, Inc., et al. The substantive allegations of the amended consolidated complaint have previously been summarized in SEC disclosures by China Shenghuo.

China Shenghuo is contributing US $200,000 towards a total settlement fund of $600,000.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Mar-24-11


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.
Request Legal Help Now! - Free