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Ad Co. Dodges Investor Action Over Chinese Profit Claims

Law360, New York (December 1, 2011, 12:00 PM EST) -- A California federal judge on Wednesday dismissed a proposed class action claiming a U.S. advertising company falsely reported huge revenues from its commercials on Chinese television in order to drum up investor interest in a February initial public offering.

Shareholders of China Century Dragon Media Inc. allege the company lied when it told the U.S. Securities and Exchange Commission that it generated $75 million in revenue in 2009 and $45 million in 2008. The company is based in the U.S. but sells all of its advertising...
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Case Information

Case Title

Dan Katz v. China Century Dragon Media, Inc. et al

Case Number



California Central

Nature of Suit

Other Statutory Actions


John A. Kronstadt

Date Filed

April 1, 2011

Law Firms


Government Agencies

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