ShengdaTech Files For Ch. 11 Amid Securities Scandal
ShengdaTech admitted March 15 that it had found “potentially serious discrepancies and unexplained issues” in its financial records, a disclosure that halted trading of the NASDAQ-listed company's stock and spurred several investor class actions.
The company, which is largely based in China but incorporated in Nevada, said in its Chapter 11 bankruptcy filing that it would appoint...
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