US law firm Rosen firm A bulletin on its website

Absrtact: A few days ago, firm, a US law firm, posted a notice on its website that investors who bought Mcox.nasdaq shares from October 26, 2010 to November 29 could lodge claims against Mecoxlane in accordance with relevant regulations.

Firm, a US law firm, posted a notice on its website that investors who bought Mcox.nasdaq shares from October 26, 2010 to November 29 could lodge claims against Mecoxlane in accordance with relevant regulations.

Sarraf Gentile, the US law firm, said in a lawsuit to Macaulay that the firm represents all investors who bought the company's common stock in October 2010, suing Macquarie and some of its executives and directors, accusing them of violating the US Securities Act of 1993 The relevant provisions in the IPO issue made a major false and misleading statement. In response to the class action, Macaulay said publicly that the company and its directors and senior management were prepared to defend the claim vigorously, saying the lawsuit would not have any significant impact on day-to-day operations.

"Class action is a common phenomenon in the United States, often caused by falling share prices," he said. "The founder of the Qing Branch group, CEO Gavin," the first financial daily interview, said that the class action does not represent the enterprise really out of the question.

Yanggo, chief representative of the New York Stock Exchange's Beijing office, argues that the US market is regulated by the principle of information disclosure, and that many information sec and exchanges do not evaluate their own merits, but rather leave it to markets and investors to judge, but the SEC and the exchange require listed companies to disclose such information. Therefore, Chinese enterprises must do a good job of information disclosure according to relevant laws and regulations. If the enterprise to fulfill the responsibility of information disclosure, even if the investors sued, will not lose, but if the disclosure of information is found to be a problem, and the real situation, the possibility of losing a business is relatively large.

"Although there are some class-action lawsuits in the Chinese concept stocks in US capital markets, the regulation of the US market and the financial position of listed companies are much more transparent than the domestic market," he said. Gavin thinks so. In the case of class action, public opinion should not be unduly speculated among the results.

It is undeniable that in the international market, Chinese companies have been a scandal, in 2008, due to the misappropriation of funds by large shareholders, the Japanese stock exchange listed in Tokyo only a year more than the Asian Interactive media (East Exchange Code: 2149) was held criminally responsible, ordered delisting. This gives Chinese enterprises a "good faith" important lesson.

"Honesty is the basic criterion and moral standard of listed companies, and it is the foundation of some business logic and contract formation." Without integrity, all business practices are dangerous. "Gavin is very agree with this, he said," All waiting for time to test, market economy is a rational market, all should be in accordance with market rules. ”