China Agritech Can't Dodge Shareholders' Fraud Suit

Law360, Wilmington (May 22, 2013, 3:19 PM EDT) -- A Delaware Chancery judge refused Tuesday to dismiss a derivative suit lodged by shareholders of fertilizer maker China Agritech Inc., saying the investors had gathered enough facts to claim the company’s executives have committed wide-ranging acts of fraud.

Vice Chancellor J. Travis Laster decided not to toss the lawsuit in part because unlike several similar cases that were axed, many of the claims are supported by specific documented information that shareholders could point to if their fraud claims were to go to trial.

Those included wild...
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