Agria, Underwriters Dismissed From IPO Class Action

Law360, New York (December 03, 2009, 3:03 PM ET) -- China-based agricultural company Agria Corp. and underwriters including HSBC Securities (USA) Inc. and Piper Jaffray & Co. have been let off the hook in a putative securities class action alleging that the prospectus and registration statement for Agria's $282 million initial public offering was inaccurate and misleading.

Judge William H. Pauley III of the U.S. District Court for the Southern District of New York on Monday granted a motion from Agria, Credit Suisse Securities (USA) LLC, CIBC World Markets Corp., HSBC and Piper Jaffray that sought...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required