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P. VAN HOVE BVBA v. UNIVERSAL TRAVEL GROUP, INC. et al

  1. June 26, 2017

    NJ Judge OKs $4M Deal Ending Investor Suit Over Travel Co.

    A New Jersey federal judge signed off Monday on a $4.1 million settlement ending a securities fraud class action brought against a Chinese online travel agency and its auditors, finding the investors behind the suit had secured a fair and reasonable deal that would avoid depleting the few assets they could realistically hope to recover.

  2. May 10, 2017

    Investors Seek Final OK Of $4M Deal With Travel Co., Auditor

    Investors in a sham Chinese travel company who sued the firm and its auditor asked a New Jersey federal judge on Tuesday to grant final approval to a $4.1 million settlement, saying no more could be wrung out of a company that vanished and a small accounting firm.

  3. January 27, 2015

    Investors Want OK For $2M Deal In Suit Against Chinese Co.

    A proposed class of investors asked a New Jersey federal court to preliminarily approve the class and a $2 million settlement with Universal Travel Group, a Chinese company accused of securities fraud, arguing that because China does not enforce U.S. judgments, the settlement is the best chance of investors getting any money back at all.