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Case Status:    SETTLED
On or around 10/13/2016 (Date of order of distribution of settlement)

Filing Date: August 27, 2013

According to the complaint, the securities class action is on behalf of all purchasers of the American Depository Shares ("ADSs") of LightlnTheBox between its June 6,2013 initial public stock offering ("IPO") and August 19, 2013, inclusive (the "Class Period").

Following an intense, multimonth roadshow, LightlnTheBox, its senior executives, assisted by investment banks Credit Suisse (USA) LLC and Stifel, Nicolaus & Company, Incorporated, which underwrote and helped the Company market the offering, completed the IPO, selling more than 9.5 million ADSs at $9.50 each and raising $90.7 million in gross proceeds for LightlnTheBox and its senior executives. LightlnTheBox issued and sold the first 8.3 million shares, along with another 192,368 shares sold as part of the underwriters' overallotment. Defendant Guo and other LightlnTheBox directors and executives sold another 1,052,632 shares as part of the underwriters' overallotment.

The registration statement, and the prospectus that formed part of the registration statement used to conduct the IPO (collectively, the "Registration Statement"), contained false and misleading statements.

On November 21, 2013, the Court issued an Order appointing lead plaintiff and approving lead counsel. Lead Plaintiff filed an amended and consolidated complaint on January 17, 2014. An amended version of this complaint was filed on March 14.

On September 4, 2014, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on November 26. The Court granted final approval of this Settlement on May 8, 2015 and directed the Clerk of Court to enter final judgment in this case.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: LITB
Company Market: New York SE
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 #: 13-CV-06016
JUDGE: Hon. P. Kevin Castel
DATE FILED: 08/27/2013
CLASS PERIOD START: 06/06/2013
CLASS PERIOD END: 08/19/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 13-CV-06016
JUDGE: Hon. P. Kevin Castel
DATE FILED: 03/14/2014
CLASS PERIOD START: 06/06/2013
CLASS PERIOD END: 08/19/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New York)
    350 Fifth Avenue, Suite 5508, The Rosen Law Firm, P.A. (New York), NY 10118
    212.686.1060 212.202.3827 · lrosen@rosenlegal.com
No Document Title Filing Date