Filip Lambert, Jignesh Patel and Reilly Chase on behalf of themselves and all others similarly situated v. Baker Tilly Hong Kong Limited, Andrew David Ross, Helena Laiha Kwok
Published: May 27, 2017 | Result Date: Oct. 11, 2016 | Filing Date: Jan. 1, 1900 |Case number: 2:14-cv-09959-CBM-MAN Settlement – $925,000
Court
USDC Central
Attorneys
Plaintiff
Betsy C. Manifold
(Wolf Haldenstein Adler Freeman & Herz LLP)
Marisa C. Livesay
(Wolf, Haldenstein, Adler, Freeman & Herz LLP)
Rachele R. Rickert
(Wolf, Haldenstein, Adler, Freeman & Herz LLP)
Francis M. Gregorek
(Wolf Haldenstein Adler Freeman & Herz LLP)
Defendant
Martin L. Pitha
(Lillis Pitha LLP)
Tara Ann LaClair
(Crowe & Dunlevy PC)
Facts
Plaintiffs filed a putative class action against defendants on behalf of purchasers of common stock of China North East Petroleum Holdings Limited.
Contentions
PLAINTIFFS' CONTENTIONS:
Plaintiffs contended that defendants violated federal securities law by making material misrepresentations in an audit report on CNEP's year-end financial statements.
DEFENDANTS' CONTENTIONS:
Defendants denied wrongdoing and asserted various defenses.
Result
The parties settled for $925,000.
Other Information
FILING DATE: Dec. 31, 2014.
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