Agria Corporation is a global, China-based company engaged in research and development, production and sale of upstream agricultural products.

According to the law firm press release, the lawsuit alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Defendants engaged in trading to artificially inflate Agria’s stock price in order to meet NYSE’s continuing listing standards and avoid delisting from the NYSE; (2) Agria lacked effective internal controls over financial reporting; and (3) as a result of the foregoing, Defendants’ public statements about Agira’s business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On March 6, 2017, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiff filed an amended Complaint on March 8.

On June 30, 2017, the parties entered into a Stipulation of Settlement. The Settlement was preliminarily approved on August 8. On December 12, the Court granted final approval of the settlement and entered Final Judgment. On June 4, 2018, the Court issued an Order granting distribution of Class Settlement funds.