Chinese Cos. Faced More Investor Actions In 2011: Report

Law360, New York (December 14, 2011, 3:57 PM EST) -- Securities class actions against Chinese companies surged in 2011 while shareholders continued to file a substantial number of suits over proposed mergers and acquisitions, according to a prominent litigation trends survey released Wednesday.

In its semi-annual report on securities class actions, NERA Economic Consulting found that filings against foreign-domiciled issuers reached 64 in 2011, which was more than double the count for recent years and largely based on a rise of filings against Chinese companies. There have been 39 suits filed this year against companies that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.