Judge Nixes Securities Suit Against China Life Ins.

Law360, New York (September 8, 2008, 12:00 AM EDT) -- A federal judge has tossed a securities class action filed against China Life Insurance Co. Ltd. by investors who claim that the company failed to disclose that it was being investigated by Chinese regulators and the U.S. Securities and Exchange Commission, which allowed the price of its stock to become artificially inflated.

In a decision handed down Sept. 3 in the U.S. District Court for the Southern District of New York, Judge Thomas Griesa granted summary judgment to China Life, ruling that the plaintiffs' claims of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.