No Investor Fraud in Chinese Stock Offering, Underwriters Say

Law360, Los Angeles (July 8, 2013, 9:59 PM EDT) -- Underwriters of a $40 million offering of shares in China's Yuhe International Inc. urged a California federal judge on Monday to toss a putative investor class action, saying they made no material misstatement about the company's chicken-farming operations in a prospectus.

The underwriters — Roth Capital Partners LLC, Brean Murray Carret & Co. LLC, and Global Hunter Securities LLC — argued they could not be liable for misleading investors because there was no material difference between Yuhe's “expertised” annual audited financial statement for the period ended...
To view the full article, register now.



Case Information

Case Title

Jeff Feyko v. Yuhe International Inc et al

Case Number



California Central

Nature of Suit



Dean D. Pregerson

Date Filed

July 1, 2011

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.