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China Auto Logistics Inc.

Case Summary

China Auto Logistics Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 09/01/2020 (Date of last review)

Filing Date: June 05, 2018

According to the Complaint, China Auto Logistics Inc. ("China Auto" or the "Company") sells and trades in imported automobiles in the People’s Republic of China.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) China Auto failed to maintain adequate internal controls over identifying and reporting certain relationships and related transactions; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

On September 12, 2018, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on November 21. Defendants filed a Motion to Dismiss the amended Complaint on January 22, 2019. On August 31, 2020, the Court issued an Order denying Defendants' Motion to Dismiss.

Company & Securities Information

Defendant: China Auto Logistics Inc.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Auto & Truck Manufacturers
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: CALI
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.

First Identified Complaint

Tracy Vanderhoef, et al. v. China Auto Logistics Inc., et al.

COURT: D. New Jersey
DOCKET #: 18-CV-10174
JUDGE: Hon. Claire C. Cecchi
DATE FILED: 06/05/2018
CLASS PERIOD START: 03/28/2017
CLASS PERIOD END: 04/13/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm (South Orange)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 06/05/2018
2 Order Appointing Lead Plaintiffs and Lead Counsel 09/12/2018
3 U.S. District Court Civil Docket 09/26/2018
4 Stipulated Consent Order Establishing Schedule for Filing Amended Complaint, Responding Thereto, and Vacating Entry of Default 09/26/2018

Reference Complaint

Zhengyu He, et al. v. China Auto Logistics Inc., et al.

COURT: D. New Jersey
DOCKET #: 18-CV-10174
JUDGE: Hon. Claire C. Cecchi
DATE FILED: 11/21/2018
CLASS PERIOD START: 03/28/2017
CLASS PERIOD END: 09/05/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bronstein, Gewirtz & Grossman, LLC (New York)
  2. The Rosen Law Firm (South Orange)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint for Violation of the Federal Securities Laws 11/21/2018
2 Mediation Order 08/19/2019
3 Opinion 08/31/2020
4 Order 08/31/2020
5 U.S. District Court Civil Docket 09/01/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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