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Xu v. Gridsum Holding Inc. et al
Case Number:
1:18-cv-03655
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bragar Eagel
- Cooley LLP
- Davis Polk
- Gainey McKenna
- Griffin Humphries
- Latham & Watkins
- Orrick Herrington
- Pomerantz LLP
Companies
Sectors & Industries:
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April 04, 2024
Attys Awarded $1.5M In Fees On Tax Disclosure Suit
Attorneys who won a $4.5 million settlement for a class of investors claiming a Chinese startup misrepresented its tax liability will receive their requested $1.5 million in attorney fees, a New York federal judge ruled.
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March 06, 2024
Startup Investors' Attys Want $1.5M In Fees On Disclosure Suit
Lawyers for a class of investors have asked a New York federal court to approve their attorney fees of $1.5 million for a $4.5 million settlement with a Chinese analytics startup over claims the company misrepresented its tax liability before its initial public offering.
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December 04, 2023
Chinese Co. Investors Ink $4.5M Deal In IPO Disclosures Suit
A group of investors suing Chinese analytics startup Gridsum Holding Inc. has asked a New York federal judge to preliminarily approve a $4.5 million deal to settle claims that it made misrepresentations ahead of its initial public offering.
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February 22, 2021
PwC, Citi, Goldman Sachs Dodge Startup Stock-Drop Suit
A New York federal judge Monday granted a bid from PwC's Chinese unit and underwriters including Citi and Goldman Sachs to escape a proposed securities class suit alleging Chinese startup Gridsum, which PwC audited, misled investors ahead of an initial public offering.
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July 27, 2020
PwC Liable For Startup's Misleading Audits, Investors Say
A Chinese unit of PwC deliberately ignored "red flags" that a Chinese startup understated its tax expenses and should be liable for its fraud, investors told a federal court in asking to keep the accounting firm in a stock-drop lawsuit.
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June 09, 2020
PwC Asks To Be Dropped From Suit On Startup's Tax Info
The Chinese unit of PwC asked a New York federal court Tuesday for dismissal from a stock-drop suit against a Beijing-based data startup, contending it had nothing to do with what investors say was that company's understatement of tax expenses.
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March 30, 2020
PwC Unit, Underwriters Escape Gridsum Stock-Drop Suit
The Chinese unit of PwC and a group of underwriters were dropped on Monday from a stock-drop suit that accuses the Beijing-based data analytics company Gridsum of misrepresenting its financials.
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May 29, 2019
Analytics Co., PwC, Underwriters Want Out Of Stock-Drop Suit
Beijing-based data analytics company Gridsum, its former auditor and the underwriters for its initial public offering all want out of a securities suit alleging they misrepresented the company's financials, leading to massive investor losses.