LightInTheBox Hit With Shareholder Suit Following IPO

Law360, Los Angeles (October 21, 2013, 4:16 PM EDT) -- Chinese e-retailer LightInTheBox Holding Co. Ltd. was hit with a putative shareholder class action in New York federal court on Wednesday by an investor who seeks remedies against the company and two of its most senior executives over allegedly misleading and false statements about the health of the company following its initial public offering.

LightInTheBox went public on the New York Stock Exchange in June, becoming the first Chinese company to list its IPO in the U.S. in 2013, and popped 22 percent its first day....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Sabile v. Lightinthebox Holding Co., Ltd. et al


Case Number

1:13-cv-07310

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

P. Kevin Castel

Date Filed

October 16, 2013

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.