China Dragon Reaches Deal With Investors Over Inflated IPO

Law360, New York (October 11, 2013, 7:17 PM EDT) -- A California federal judge on Thursday approved a settlement between shareholders and some of the defendants in a class action claiming U.S advertising company China Century Dragon Media Inc. inflated revenues from its Chinese television commercials to boost its stock price for a 2011 initial public offering.

U.S. District Judge John A. Kronstadt gave final approval for the $778, 333 settlement between shareholders of China Dragon and seven of the named defendants, including one of China Dragon’s officers, the company’s auditor MaloneBailey LLP, the four underwriters...
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Case Information

Case Title

Dan Katz v. China Century Dragon Media, Inc. et al

Case Number



California Central

Nature of Suit

Other Statutory Actions


John A. Kronstadt

Date Filed

April 1, 2011

Law Firms


Government Agencies

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