Case Page

 

Case Status:    SETTLED
On or around 10/20/2016 (Date of order of distribution of settlement)

Filing Date: March 08, 2013

According to the law firm press release, the Complaint alleges that Goldman Kurland and Mohidin, LLP, Deer's auditor, falsely stated that Deer's financial statements in its 2009 and 2010 10-Ks comported with U.S. Generally Accepted Accounting Principles. In reality, Deer's revenues were overstated. On March 9, 14, and 21, 2011, an analyst issued a series of reports disclosing defendants’ alleged fraud, which caused the stock price to drop, damaging investors.

On May 31, 2013, pursuant to Section 21D(a)(3)(B) of the Exchange Act, 15 U.S.C.§78u-4(a)(3)(B), the De Sejournet Group was appointed Lead Plaintiff of the class, as the De Sejournet Group has the largest financial interest in this litigation and otherwise satisfies the requirements of Fed. R. Civ. P. 23. The De Sejournet Group’s choice of counsel was approved, and accordingly, the Rosen Law Firm, P.A. was appointed Lead Counsel.

On May 21, 2014, the Defendants’ Motion to Dismiss was Granted with leave to amend, Defendants’ Motion to Strike was DENIED as moot, and Plaintiffs’ Motion for Leave to File a Second Amended Complaint was DENIED as moot.

COMPANY INFORMATION:

Sector: Financial
Industry: Misc. Financial Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: DEER
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 #: 13-CV-01682
JUDGE: Hon. Manuel L. Real
DATE FILED: 03/08/2013
CLASS PERIOD START: 03/31/2009
CLASS PERIOD END: 03/21/2011
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 #: 13-CV-01682
JUDGE: Hon. Manuel L. Real
DATE FILED: 07/30/2013
CLASS PERIOD START:
CLASS PERIOD END:
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
No Document Title Filing Date