October 11, 2013
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.
December 20, 2012
A California federal judge on Tuesday certified a class of China Century Dragon Media Inc. shareholders who claim the U.S. advertising company inflated revenues from its commercials on Chinese television to boost its 2011 stock sale.
March 08, 2012
A group of defendants including private equity firm Aegis Capital Corp. asked a California federal judge on Wednesday to dismiss an amended suit brought by investors claiming a U.S. advertising company inflated revenues from its commercials on Chinese television to boost its 2011 stock sale.
December 01, 2011
A California federal judge on Wednesday dismissed a proposed class action claiming a U.S. advertising company falsely reported huge revenues from its commercials on Chinese television in order to drum up investor interest in a February initial public offering.
November 10, 2011
A Chinese television advertising company asked a California federal judge on Thursday to dismiss a proposed securities class action accusing the company of falsifying its financial statements, arguing that the investors' lawsuit doesn't allege any specific frauds.