Case Page

 

Case Status:    ONGOING    
On or around 08/08/2014 (Ongoing date of last review)

Filing Date: November 15, 2011

According to a press release date November 15, 2011, the Complaint asserts violations of the federal securities laws against the Company and its officers and directors, for issuing materially false and misleading financial information. The Complaint asserts that during the Class Period the Company failed to properly disclose material related party transactions that rendered the Company’s periodic reports filed with the SEC false and misleading. These related transactions were brought to light by an investigation lead by the Company’s auditor and later the company’s audit committee. The Complaint alleges that this adverse information caused the Company’s stock price to lose nearly half of its value.

On March 29, 2012, the Court issued an order appointing Lead Plaintiff and Lead Counsel.

On May 29, 2012, the Plaintiffs filed their first amended complaint.

On November 1, 2012, the Court issued an Order granting in part and denying in part Defendant's motion to dismiss. Plaintiffs were given leave to replead. On November 26, the Plaintiffs filed their amended complaint.

On May 9, 2013, the Court issued an Order granting an individual defendant's motion to dismiss, and granting in part and denying in part another individual defendant's motion to dismiss.

On May 17, 2013, the Court issued an Order entering default against a certain defendant.

On May 20, 2013, the Plaintiffs filed their Third Amended Complaint.

On August 13, 2013, the Court issued an Order appointing lead plaintiff and approving lead counsel for the Private Placement Class.

On August 26, 2013, the Court issued an Order granting the Plaintiffs' motion for leave to amend and transferring this action to the Southern District of New York.

On August 8, 2014, the Court issued an Order denying an individual defendant's motion to dismiss.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Chemical Manufacturing
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: KEYP
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: S.D. New York
DOCKET #: 11-CV-09495
JUDGE: Hon.Philip S. Gutierrez
DATE FILED: 11/15/2011
CLASS PERIOD START: 08/16/2010
CLASS PERIOD END: 10/07/2011
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: S.D. New York
DOCKET #: 13-CV-06057
JUDGE: Hon.Philip S. Gutierrez
DATE FILED: 08/28/2013
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
No Document Title Filing Date