Yuhe Underwriters Can't Shake Suit Over $40M Stock Offering

Law360, Los Angeles (July 11, 2013, 7:30 PM EDT) -- A California federal judge Wednesday kept intact a putative class action against underwriters of a $40 million offering of shares in China's Yuhe International Inc., ruling investors adequately pled that the underwriters missed Yuhe’s alleged false statements about its chicken farms.

In a 10-page decision, U.S. District Judge Dean D. Pregerson ruled that the plaintiffs may continue in their litigation against underwriters Roth Capital Partners LLC, Brean Murphy Carret & Co. LLC and Global Hunters Securities LLC on allegations that an October 2010 stock offering contained...
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