Duoyuan Printing, Inc. manufactures and sells offset printing equipment in China.

According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, where they failed to disclose (1) that the authenticity of certain of the Company's expenses related to advertising and tradeshow costs could not be verified; (2) that the Company had improper relationships with certain vendors and distributors; (3) that, as a result, the Company's financial results were misstated during the Class Period; (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

On September 13, 2010, Duoyuan Printing disclosed that the Company dismissed its independent registered public accounting firm, Deloitte Touche Tohmatsu CPA Ltd., and was reorganizing its top management in connection with Duoyuan Printing's "desire to resolve open issues and file our 10-K on a timely basis." Moreover, the Company's Chief Executive Officer, Chief Financial Officer and four members of the Company's Board of Directors resigned after the dismissal of Deloitte. As a result of the revelations, Duoyuan Printing securities declined $3.60 or more than 54% and closed at $2.99 on September 13, 2010.

On January 19, 2011, the Court issued an Order appointing co-lead Plaintiffs and Counsel.

On February 16, 2012, a consolidated class action Complaint was filed by the lead Plaintiffs against the Defendants.

On June 28, 2013, the parties entered into a Stipulation of Settlement. The Court preliminarily approved the Settlement on August 1. A modified Settlement Agreement was filed on August 2.

On August 22, 2013, the Court issued an Order denying the Underwriters' motion to dismiss but granting the Auditor Defendant's motion to dismiss.

On November 27, 2013, the Court issued an Order awarding attorneys' fees and expenses. This was followed on the same day by an Order and Final Judgment approving the Settlement. The Order and Final Judgment was appealed by Defendants and Cross-Plaintiffs on December 26th.

On June 30, 2014, the Plaintiffs and Underwriter Defendants entered into a Stipulation of Settlement. On December 18, the parties filed a stipulation withdrawing their appeal.

The Court preliminarily approved the Settlement on February 11, 2015. On March 6, the Court issued an Order granting the Motion for Disbursement of Funds. On June 16, the Court granted final approval of the Settlement and entered Final Judgment.

On September 3, the Court issued an Order dismissing cross-claims of the Underwriters. On February 3, 2017, the Court issued an Order granting the Motion to Dismiss the Underwriter Defendants' cross-claims.

On March 19, 2018, the Court issued an Order to distribute Settlement funds.

On April 5, 2018, the Clerk of Court entered Final Judgment.

Also on April 5, 2018, the Underwriter Defendants filed a Notice of Appeal, appealing the February 3, 2017 decision of the Court to dismiss the Underwriter Defendants' cross-claims. On July 19, the Court of Appeals filed an Order stipulating that the parties had withdrawn their appeal.