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Case Status:    DISMISSED    
On or around 04/10/2017 (Date of order of final judgment)

Filing Date: July 15, 2014

According to the law firm press release, China XD filed materially false and misleading financial statements with the SEC because the Company’s financial statements filed with Chinese regulatory authorities showed a fraction of the revenue and income reported in the Company’s SEC filings. On July 10, 2014, Bleecker Street Research released a report asserting that China XD Plastics had filed reports with regulators in China that showed materially smaller amounts of revenue and net income for fiscal years 2010, 2011 and 2012, than its SEC filings. In addition, the report asserts that China XD Plastics’ gross margins are unbelievably high relative to its competitors, and that its CFO has been linked to an embarrassing financial fraud at another Chinese public company. The complaint alleges that this adverse information caused the price of China XD stock to drop, damaging investors.

On April 10, 2017, the Court entered Judgment in favor of Defendants and dismissed this case.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Construction - Raw Materials
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: CXDC
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 #: 14-CV-05308
JUDGE: Hon. Daniels
DATE FILED: 07/15/2014
CLASS PERIOD START: 08/12/2009
CLASS PERIOD END: 07/10/2014
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 #: 14-CV-05308
JUDGE: Hon. Daniels
DATE FILED: 02/17/2015
CLASS PERIOD START: 03/25/2014
CLASS PERIOD END: 07/10/2014
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