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China North Exec, Consultant Cut Loose From Investor Suit

By Y. Peter Kang (December 11, 2014, 10:47 PM EST) -- A New York federal judge dismissed claims against China North East Petroleum Holdings Ltd.'s former audit committee chairman and consulting firm in an investor class action accusing China North of improper accounting and embezzlement, ruling Thursday that the plaintiffs failed to establish any motive for the two defendants to commit fraud....

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