Agria Corp. Faces Shareholder Class Action Over IPO

Law360, New York (April 25, 2008, 12:00 AM EDT) -- Chinese agricultural company Agria Corp. has been hit with a putative securities class action on behalf of investors who purchased American depositary receipts traceable to the company's $282 million initial public offering.

The complaint, dated April 24, was filed in the U.S. District Court for the Southern District of New York, according to Coughlin Stoia Geller Rudman & Robbins LLP. The complaint names Beijing-based Agria, six individuals and Brothers Capital Ltd., a selling shareholder in the IPO.

The proposed class would comprise anyone who purchased Agria...
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