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IN RE: LONGTOP FINANCIAL TECHNOLOGIES LIMITED SECURITIES LITIGATION
Case Number:
1:11-cv-03658
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Berman Tabacco
- Freed Kanner
- Girard Sharp
- Grant & Eisenhofer
- Kaplan Fox
- Kessler Topaz
- King & Spalding
- Law Offices of Curtis V. Trinko
- Lewis Roca
- Locke Lord
- Mintz Levin
- Nixon Peabody
- Robbins Geller
- Saxena White
- Sidley Austin
Companies
Sectors & Industries:
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November 24, 2014
Ex-Longtop Exec Faces $5M Penalty After Trial Loss, Atty Says
A former Longtop Financial Technologies Ltd. executive could pay around $5 million in damages after a New York federal jury found him liable in a rare securities class action trial over the Chinese software company's accounting shenanigans, a plaintiffs' attorney said Monday.
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November 21, 2014
Ex-Longtop Exec Found Liable In Rare Class Action Trial
A New York federal jury on Friday found a former Longtop Financial Technologies Ltd. executive liable for recklessly making misstatements about the Chinese software company's financial health, marking a victory for investors in a rare class action trial.
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November 19, 2014
Rare Investor Class Action Trial Begins Over Longtop Fraud
The chief financial officer of Longtop Financial Technologies Ltd. misled investors about the Chinese software company's accounting practices before it was exposed as a fraud in 2011, a plaintiffs' attorney said on Wednesday at the start of a rare class action trial in New York federal court.
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November 14, 2013
Longtop Investors Awarded $882M In Auditing Fraud Action
A New York federal judge sided against Longtop Financial Technologies Ltd. and its CEO on Thursday, awarding $882 million to a class of investors who accused the Hong Kong-based financial services software developer of exaggerating the size of its profit margins.
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April 08, 2013
Deloitte Released From Longtop Securities Class Action
A New York federal judge Monday tossed Deloitte Touche Tohmatsu CPA Ltd. as a defendant in a proposed class action accusing Hong Kong-based financial services software developer Longtop Financial Technologies Ltd. of lying to investors and exaggerating the size of its profit margins.