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Weissmann v. Puda Coal, Inc. et al
Case Number:
1:11-cv-02609
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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November 18, 2014
No-Show Puda Coal Found Liable In Investors' Bogus-IPO Suit
The Southern District of New York on Tuesday entered a default judgment against Chinese company Puda Coal Securities Inc., which had been sued by an investor class for selling its sole asset to a private equity firm without telling investors for months and lying about its IPO plans.
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July 14, 2014
Investor Claims Against Puda Coal Underwriters Survive
A New York federal judge on Monday allowed claims against underwriters of Puda Coal Inc.'s 2010 public stock offering to proceed in the family of cases where it is alleged the Chinese coal miner's chairman sold the company's sole asset to a private equity firm unbeknownst to stockholders for months.