LightInTheBox Hit With Shareholder Suit Following IPO

Law360, Los Angeles (October 21, 2013, 4:16 PM EDT) -- Chinese e-retailer LightInTheBox Holding Co. Ltd. was hit with a putative shareholder class action in New York federal court on Wednesday by an investor who seeks remedies against the company and two of its most senior executives over allegedly misleading and false statements about the health of the company following its initial public offering.

LightInTheBox went public on the New York Stock Exchange in June, becoming the first Chinese company to list its IPO in the U.S. in 2013, and popped 22 percent its first day....
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