A breach of contract battle between copier products companies that began three years ago with a Chinese conglomerate suing a family-owned Atlanta company for more than $4 million has concluded with the defendant winning $1.1 million for counterclaims.
In what appears to be the first ruling granting motions to dismiss in the current wave of securities class actions against Chinese companies whose shares trade on U.S. exchanges, a federal judge in Manhattan has tossed claims against China North East Petroleum Holdings and related defendants.
A Florida judge has decided a stay imposed in a federal class action against Miami-based Banner Supply is no longer in effect for Broward County homeowners who want to pursue their Chinese drywall claims in state court.
After months spent investigating Chinese companies that trade on U.S. exchanges, is the SEC finally ready to take the companies to court? Two companies have disclosed receiving Wells notices from the SEC, and the agency sued the Shanghai arm of Deloitte to enforce a subpoena in one of its probes.
In response to claims they illegally fixed prices for vitamin C, a group of Chinese companies boiled its defense down to a single assertion: Our government made us do it. Now a judge has rejected that defense, while faulting the Chinese government for its “post-hoc attempt to shield” the companies.