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Ashish Anand v. Lihua International Inc. et al
Case Number:
1:14-cv-05037
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 24, 2017
Judge Gives Shareholders Nod In $2.9M Lihua Deal
A New York federal judge on Friday greenlighted $2.9 million worth of settlements in two shareholder class actions against Lihua International Inc., whose stock dropped after it allegedly hid hundreds of millions of dollars in debt and transferred wealth to an insider.
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March 09, 2016
Lihua Still Faces Shareholder Claims, Has Eye On Bankruptcy
A New York federal judge on Wednesday dismissed Exchange Act claims in a shareholder derivative suit against Lihua International Inc.'s board, but left breach of fiduciary claims standing after oral arguments in which it emerged that the Chinese copper products producer is planning a bankruptcy filing.