Orchid Pavilion is responding to a class action lawsuit today

Source: Internet
Author: User
Keywords Orchid Pavilion Collection potential class action
Tags check class class action company set

Summary: Check the latest quotes Beijing time August 28 Evening News, Orchid Pavilion set potential (NYSE:LITB) said today, has been aware of the U.S. law firm Federman Sherwood to the company launched a class action. Federman Sherwood said in Tuesday that the United States in southern New York

View the latest quotes

Beijing time August 28 Evening News, Orchid Pavilion set potential (NYSE:LITB) said today, has been aware of the U.S. law firm Federman & Sherwood to launch a group action against the company.

Federman & Sherwood said in Tuesday that it had filed a class action against the pavilion in the U.S. District Court in the south of New York, accusing the Orchid pavilion of violating the U.S. Securities Act of 1934, such as market-oriented publishing of a series of materials or false statements, so that in the collective litigation period ( From June 6, 2013 to August 19, 2013, the impact of artificially inflated market prices was created.

The pavilion said today that the allegations had been evaluated and that they were unfounded. In this respect, the pavilion will be with the company legal Counsel Simpson Thacher & Bartlett LLP Strong defense of their own interests.

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.