China Zenix Auto International Limited : American Depositary Shares Securities Litigation
On or around 05/20/2019 (Ongoing date of last review)
Filing Date: October 31, 2018
According to the Complaint, China Zenix designs, manufactures, and sells commercial vehicle wheels to aftermarket and original equipment manufacturers in the People's Republic of China and internationally. It offers: tubed steel wheels; tubeless steel wheels; off-road steel wheels; aluminum wheels; and wheel components, such as wheel discs.
The Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (1) China Zenix’s trading actions in connection with its compliance with the NYSE Continued Listed Requirements were contrary to public policy; (2) China Zenix had inadequate internal controls over financial reporting; and (3) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On February 17, 2019, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed an amended Complaint on April 23.
Company & Securities Information
Defendant: China Zenix Auto International Limited
Sector: Consumer Cyclical
Industry: Auto & Truck Parts
Ticker Symbol: ZXAIY
Company Market: OTC-BB
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
Zhengyu He, et al. v. China Zenix Auto International Limited, et al.
COURT: D. New Jersey
DOCKET #: 18-CV-15530
JUDGE: Hon. Jose L. Linares
DATE FILED: 10/31/2018
CLASS PERIOD START: 10/02/2015
CLASS PERIOD END: 06/14/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
The Rosen Law Firm (South Orange) 609 W. South Orange Avenue Suite 2P , The Rosen Law Firm (South Orange), NJ 07079 (973) 313-1887 (973) 833-0399 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Federal Securities Laws
U.S. District Court Civil Docket
ITENT EDV Dienstleistungs GmbH, et al. v. China Zenix Auto International Limited, et al.