In the face of an American law firm, Chen Au can't sit.

Absrtact: When the four-word poly-Mei product and the United States law firm to prosecute together, since May after the listing of less audible Chen Au finally sit down. Yesterday, the United States MILBERGLLP law firm announced that will represent May 16, 2014 to November 19 between the purchase of

When the four words of the United States and the U.S. law firm once again linked together, since May after the listing of less audible Chen Au finally sit down.

Yesterday, the US MILBERGLLP law firm announced that investors who bought the shares of the United States from May 16, 2014 to November 19 to the U.S. Regional Court in eastern New York to launch a class action, accusing the United States and its specific executives in violation of the U.S. federal securities law, to investors issued a false and misleading statements.

"Another American law firm has finished ... Anyway, the listing this six months, has been black out of Cheung. Always on the cusp, in order to avoid right and wrong, I rarely come out to speak, but the more silent negative more. Perhaps, I have to clear my throat. "Poly Mei Excellent product CEO Chen Au yesterday chose to respond to micro-blog."

Public data show that this is the United States in the U.S. this month, the third encounter in the United States from investors in the class action lawsuit.

"A bunch of Wall Street firms jumped in to sue us, saying that we didn't tell them to chop off third party lines before we went public, and there was a suspicion of misleading investors. The purpose of the prosecution, naturally, is for the company to compensate, so that the law firm will make money. "In response to an increasingly fermented" American law firm lawsuit, "Chen Au on Weibo.

In fact, in the early December of this year, a fashion magazine activities, dormant Chen Au openly said it would face all, declared "return to the lake."

In accordance with a circle of friends before the screen Chen Au announced a return to the lake of the article described, Chen Au said that he received the Xiaoping teacher in the Thanksgiving message, voluminous million. And Xiaoping's advice is "Chen Au, you have been quiet ' rivers and lakes ' too long, you should come out to speak for themselves."

"After the listing this year, encountered a lot of turmoil, many times I sleep at night, finally I chose to fade from the public view." Chen Au exclaimed.

For the "originator" of the fake trouble, Chen Au in micro Bo stressed is "the third party platform for Electric Dealers watch the sale of fake events, countless electrical dealers involved in it." Poly-Mei's core business is proprietary cosmetics, Third-party watches are entirely marginal business, in this incident, but the deepest injury. ”

"I have to admit that we have a loophole in management, early in the United States to do the non-cosmetics as a platform business, as long as the merchant to provide authorization, plus its other large platforms operating scale as a credential, we will allow businesses to enter our platform." Perhaps Tooyoungtoosimple, we have always felt that those large platforms will be better than our audit, after all, third party business than we have many years before. After the event, we found that this audit logic is completely trifling, relying on a letter of authorization of paper and a large platform sales record, it is impossible to control the quality of goods, and, large platform management, is far from our strict. Chen Au added.

But today's poly-beauty has to contend with investors ' dissatisfaction with the poor performance of their shares.

May 16, 2014, the company's shares in the U.S. stock market opened 27.25 U.S. dollars, the same day in the initial public offering issued 11.1 million U.S. depository receipts, the highest share price reached 28.28 U.S. dollars.

Despite the announcement of the United States, the company's board of Trustees has approved a stock repurchase plan that will buy up to $100 million worth of corporate shares in the next 12 months, but the lawsuit has affected the US stock market in Monday, which plunged 5.33% and hit a record low of 12.78 dollars.

In the past 28 weeks, the top stock of the United States and the highest price of 39.45 U.S. dollars, its market value has been from the highest point of 5.5 billion U.S. dollars to the current level of about 1.9 billion U.S. dollars, shrinking more than 60%.

"I'm sorry about the recent fall in share prices, but I still feel I'm doing the right thing," he said. Only 100% of consumers are responsible for consumer trust, there will be long-term shareholder value, or one day we must be negative drowning. In addition, I cut a line of business is misleading? What kind of logic is that? "Chen Au stressed," those for the benefit of gathering the United States and shorting the United States stock market vultures, you have been tossing for six months, you can, wash and sleep. ”