Chinese Cos. Faced More Investor Actions In 2011: Report

Law360, New York (December 14, 2011, 3:57 PM EST) -- Securities class actions against Chinese companies surged in 2011 while shareholders continued to file a substantial number of suits over proposed mergers and acquisitions, according to a prominent litigation trends survey released Wednesday.

In its semi-annual report on securities class actions, NERA Economic Consulting found that filings against foreign-domiciled issuers reached 64 in 2011, which was more than double the count for recent years and largely based on a rise of filings against Chinese companies. There have been 39 suits filed this year against companies that...
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