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Tibet Pharmaceuticals, Inc. Summary: According to the law firm press release, the Complaint asserts violations of the federal securities laws against Tibet Pharma, its officers and directors, and underwriters for issuing inaccurate statements of material fact about the Company’s true financial and business condition, which ultimately caused the Tibet Pharma’s stock to be halted by the NASDAQ and delisted, causing investors to lose nearly their entire investment. The Complaint alleges defendants misrepresented and failed to disclose material internal control deficiencies, which rendered the Company’s registration statement and prospectus to be materially false and misleading.
On January 9, 2013, the Court issued an Order consolidating cases.
On February 27, 2013, the Court issued an Order appointing lead plaintiffs and approving the selection of lead counsel.
On May 1, 2013, the Lead Plaintiffs filed their Consolidated Amended Class Action Complaint.
INDUSTRY CLASSIFICATION:
SIC Code: 2834
Sector: Healthcare
Industry: Biotechnology & Drugs
| COMPANY/ISSUER NAME: | Tibet Pharmaceuticals, Inc. |
| COMPANY/ISSUER TICKER: | TBET |
| COMPANY WEBSITE: | http://www.tibetpharmaceuticals.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Ming Yang, et al. v. Tibet Pharmaceuticals, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Complaint Class Action | |||
| Type: Complaint | Date on the document: 05/25/2012 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 05/31/2012 | ||
| Order | |||
| Type: Order of Consolidation | Date on the document: 01/09/2013 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 01/09/2013 | ||
| Order | |||
| Type: Order Appointing LP/LC | Date on the document: 02/27/2013 | ||
| REFERENCE COMPLAINT | |||||||||||||||||
| Ming Yang, et al. v. Tibet Pharmaceuticals, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE REFERENCE COMPLAINT | |||
| Jury Trial Demanded | |||
| Type: Complaint | Date on the document: 05/01/2013 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 05/03/2013 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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