Janus Ruling Revives China Expert Auditor's Dismissal Bid

Law360, New York (August 11, 2011, 1:19 PM EDT) -- A New York auditing firm will get another shot at dismissing a shareholder class action accusing it of aiding China Expert Technology Inc.'s $132 million fraud in light of the U.S. Supreme Court's Janus decision, a federal judge ordered Tuesday.

In a handwritten note, U.S. District Judge Alvin K. Hellerstein said he would reconsider his refusal to dismiss the shareholder action against PKF New York based on the high court's June ruling in Janus Capital Group Inc. v. First Derivative Traders — which the Ninth Circuit...
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