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

2:11-cv-02769

Court

California Central

Nature of Suit

Other Statutory Actions

Judge

John A. Kronstadt

Date Filed

April 1, 2011

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