Yuhe To Pay $2.7M To Settle $40M Stock Offering Row

Law360, Los Angeles (January 6, 2014, 9:13 PM EST) -- Yuhe International Inc., its independent auditor and its underwriters have agreed to pay $2.7 million to settle a securities class action brought by lead plaintiff aAD Partners LP, according to an unopposed motion for preliminary approval of the deal filed Monday in California federal court.

The settlement comes after U.S. District Judge Dean D. Pregerson in July kept intact the suit against underwriters of a $40 million offering of shares in China's Yuhe, ruling investors adequately pled that the underwriters missed Yuhe's alleged false statements about its chicken farms. The judge ruled that the plaintiffs could continue their litigation over allegations that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!