Case Page

 

Case Status:    SETTLED
On or around 03/18/2011 (Date of order of final judgment)

Filing Date: August 21, 2008

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.

On December 10, 2008, a Decision And Order was entered by the court appointing lead plaintiff and lead counsel in the matter.

On December 21, 2009, The Court entered its Decision and Order denying defendants' motions to dismiss.

On May 21, 2010, an Conditional Order Of Discontinuance Without Prejudice was issued by the Court.

On November 16, 2010, an Order Preliminarily Approving Settlement and Providing for Notice was issued by the Court in this matter.

On March 18, 2011, an Order Awarding Plaintiffs' Counsel Attorneys' Fees and Reimbursement of Expenses was issued by the Court along with an Order and Judgment closing the case.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: KUN
Company Market: American SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 08-CV-07422
JUDGE: Hon. Victor Marrero
DATE FILED: 08/21/2008
CLASS PERIOD START: 07/23/2007
CLASS PERIOD END: 08/20/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (Former New York Address)
    232 Madison Avenue, Suite 906, The Rosen Law Firm P.A. (Former New York Address), NY 10016
    212.686.1060 212.202.3827 · info@rosenlegal.com
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 08-CV-07422
JUDGE: Hon. Victor Marrero
DATE FILED: 02/09/2009
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Sellers & Toll PLLC (New York)
    88 Pine Street, 14th Floor, Cohen Milstein Sellers & Toll PLLC (New York), NY 10022
    212.838.7797 212.838.7797 ·
  2. Cohen Milstein Sellers & Toll PLLC (Washington DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen Milstein Sellers & Toll PLLC (Washington DC), DC 20005
    202.408.4600 202.408.4600 ·
  3. The Rosen Law Firm, P.A.
    333 South Grand Avenue, 25th Floor, The Rosen Law Firm, P.A., CA 90071
    213.785.2610 213.226-4684 ·
No Document Title Filing Date