Gulf Resources, Inc. is a Chinese chemicals company that serves the pharmaceuticals, oil and gas exploration and papermaking industries.

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, the shareholders’ sole asset.

On July 26, 2011, the Court issued an order appointing Zachary Lewy, Sampson Daruvalla, and William Spiegelberg 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. On January 8, 2014, the Court granted final approval of the Settlement, including an award of Attorneys’ Fees and Expenses, and entered Final Judgment.

On August 5, 2014, the Court issued an Order approving distribution of the Settlement.