Appliance Maker's $2.1M Investor Settlement Gets Nod

Law360, Los Angeles (March 8, 2013, 4:50 PM EST) -- A California federal judge Friday tentatively gave preliminary approval to a $2.1 million settlement of a putative securities class action alleging China-based appliance company Deer Consumer Products Inc. misrepresented its financial condition in order to obtain financing from U.S. capital markets.

At a Friday hearing, U.S. District Judge Dolly M. Gee indicated she would finalize her ruling in two weeks' time after Deer's lawyer William H. Forman of Scheper Kim & Harris LLP requested a delay before giving formal preliminary approval of the settlement so his...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

James Rose v. Deer Consumer Products, Inc. et al


Case Number

2:11-cv-03701

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Dolly M. Gee

Date Filed

April 29, 2011

Law Firms

Companies

Government Agencies

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.