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China Shenghuo Pharmaceutical Holdings, Inc. Summary: On December 10, 2008, a Decision And Order was entered by the court appointing lead plaintiff and lead counsel in the matter.
According to a law firm press release, plaintiffs filed a class action lawsuit on behalf of all purchasers of China Shenghuo Pharmaceutical Holdings, Inc. allegiving violations of the Securities Exchange Act of 1934.
The complaint charges that CSP and certain of its officers and directors violated Sections 10(b) and 20(a) of the 1934 Act by issuing materially false and misleading statements pertaining to CSP's business prospects and condition, and filing materially false financial statements with the SEC. On August 20, 2008, the Company announced that its previously issued financial statements for the fiscal periods ended June 30, September 30, and December 30, 2007 and fiscal quarter ended March 31, 2008, should no longer be relied upon and would be restated due to certain accounting errors, internal control issues and related matters. News that the Company's financial statements must be restated caused the Company's stock price to fall dramatically damaging investors.
INDUSTRY CLASSIFICATION:
SIC Code: 6770
Sector: Healthcare
Industry: Biotechnology & Drugs
| COMPANY/ISSUER NAME: | China Shenghuo Pharmaceutical Holdings, Inc. |
| COMPANY/ISSUER TICKER: | KUN |
| COMPANY WEBSITE: | http://www.shenghuo.com.cn |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Beno Varghese, et al. v. China Shenghuo Pharmaceutical Holdings, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint | |||
| Type: Complaint | Date on the document: 8/21/2008 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 10/6/2008 | ||
| Decision And Order | |||
| Type: Order Appointing LP/LC | Date on the document: 12/10/2008 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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