Case Page

 

Case Status:    SETTLED
On or around 12/06/2016 (Date of order of distribution of settlement)

Filing Date: December 20, 2013

According to the press release, a class action lawsuit on behalf of all purchasers of the common stock of Tri-Tech Holding, Inc. (“Tri-Tech”) (NASDAQ: TRIT) during the period between March 26, 2012 and December 12, 2013, seeking to recover damages for violations of the federal securities laws.

According to the lawsuit, Tri-Tech made false and misleading statements and/or failed to disclose that the Company lacked adequate disclosure and internal controls relating to the Tri-Tech’s control over its funds. On December 12, 2013, Tri-Tech disclosed for the first time that its former CEO was in fact terminated due to his violations of the Company’s internal policies and procedures regarding wire transfers. On this news, shares of Tri-Tech fell $.17 per share or by approximately 11%, and caused the NASDAQ to halt all trading in Tri-Tech’s stock—damaging investors.

On March 14, 2014, the Tri-Tech Group and the Baker Group were appointed as Lead Plaintiff, and Rosen Law P.A. and Gainey McKenna & Egleston were appointed as Lead Counsel.

On June 3, 2014, the Plaintiffs filed an Amended Complaint against the Defendants. Plaintiffs believe that substantial evidentiary support would exist for the allegations set forth herein after a reasonable opportunity for discovery.

COMPANY INFORMATION:

Sector: Services
Industry: Waste Management Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: TRIT
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 #: 13-CV-09031
JUDGE: Hon. Kimba M. Wood
DATE FILED: 12/20/2013
CLASS PERIOD START: 03/26/2012
CLASS PERIOD END: 12/12/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 13-CV-09031
JUDGE: Hon. Kimba M. Wood
DATE FILED: 06/03/2014
CLASS PERIOD START: 03/26/2012
CLASS PERIOD END: 12/12/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gainey & McKenna, LLP (Park Ave Office)
    440 Park Avenue South, 5th Floor, Gainey & McKenna, LLP (Park Ave Office), NY 10016
    212-983-1300 212-983-0380 ·
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date