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Case overview
3:11-cv-00595
Tennessee Middle
Securities/Commodities
Class Action
William J. Haynes, Jr
Chinese bimetallic products maker Fushi Copperweld Inc. has agreed to a $3.25 million settlement in a class action that accused it of inflating its stock price by misstating earnings, according to court documents filed Tuesday in Tennessee federal court.
A Tennessee firefighters pension plan lodged a proposed class action Tuesday against Fushi Copperweld Inc., claiming the Chinese producer of bimetallic conductor products inflated its stock price by misstating earnings.