Investors Settle With Chinese Education Co. For $1.75M

Law360, New York (February 9, 2011, 4:01 PM EST) -- A class of investors whose case was once dismissed has charged back to settle for $1.75 million with a Chinese education technology company that plaintiffs say lied in regulatory filings connected with its initial public offering.

After filing a motion for preliminary approval of the settlement, the plaintiffs also withdrew a pending notice of appeal, according to records filed Tuesday in the U.S. District Court for the Southern District of New York.

Judge Richard J. Sullivan dismissed the shareholders’ claims against Noah Education Holdings Ltd. and...
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