Federman & Sherwood announced the launch of a group lawsuit against the Orchid Pavilion in Tuesday

Source: Internet
Author: User
Keywords Orchid Pavilion Set potential group litigation for
Tags check common stock group group litigation set the new

Summary: Check the latest quotes Beijing time August 28 Morning News, the U.S. law firm Federman Sherwood announced in Tuesday, the firm has been on 27th to the Orchid Pavilion set (NYSE:LITB) launched a group lawsuit. Federman Sherwood says the firm has targeted the orchid Pavilion

View the latest quotes

Beijing time August 28 Morning news, the United States law firm Federman & Sherwood announced in Tuesday, the firm has on 27th to the Orchid Pavilion set (NYSE:LITB) launched a group lawsuit.

Federman & Sherwood said the firm had filed a class action against the U.S. Regional Court in the Southern District of New York against the Orchid Pavilion, accusing the Orchid pavilion of violating rule 10b-5 rules and regulations in the 1934 United States Securities Act sections (b) and (a) Regulations , including the allegation that the pavilion was a market-oriented publication of a series of materials or false statements, resulting in the group litigation period (June 6, 2013 to August 19, 2013) to create a view of the impact of raising the market price.

The plaintiff sought to recover the losses of all shareholders who had bought the common stock of the company during the period of the group proceedings, and who had purchased the shares of the common stock of the orchid Pavilion during the period. (Tangfeng)

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.