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Case Status:    SETTLED
On or around 12/30/2013 (Ongoing date of last review)

Filing Date: April 29, 2011

According to the press release dated April 30, 2011, (1) the company engaged in undisclosed related party transactions; and (2) Chinese regulatory filings showed that the Company was materially smaller than it claimed to be. The report pointed to certain evidence indicating that Gulf Resources does not hold title to its Chinese
operating subsidiaries, shareholders’ sole asset.

On July 26, 2011, the Court issued an order appointing Zachary Lewy, Sampson Daruvalla, and William Spiegelberg (collectively the "Lewy Group") as lead plaintiffs. Further, the Court approved of The Rosen Law Firm, P.A. as lead counsel.

On September 12, 2011, the Lead Plaintiffs filed an Amended Class Action Complaint for Violations of the Federal Securities Laws.

On May 15, 2012, the Court issued an order denying defendant's motion to dismiss plaintiffs' amended complaint.

On April 30, 2013, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on August 5.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Chemical Manufacturing
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: GFRE
Company Market: NASDAQ
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: C.D. California
DOCKET #: 11-CV-03722
JUDGE: Hon. Otis D Wright, II
DATE FILED: 04/29/2011
CLASS PERIOD START: 03/16/2009
CLASS PERIOD END: 04/26/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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
COURT: C.D. California
DOCKET #: 11-CV-03722
JUDGE: Hon. Otis D Wright, II
DATE FILED: 09/12/2011
CLASS PERIOD START: 03/16/2009
CLASS PERIOD END: 04/26/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Chapin Fitzgerald Sullivan & Bottini LLP
    550 West C Street, Suite 2000, Chapin Fitzgerald Sullivan & Bottini LLP, CA 92101
    619-241-4810 ·
  2. 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