April 04, 2024
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.
March 06, 2024
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.
December 04, 2023
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.
February 22, 2021
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.
July 27, 2020
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.
June 09, 2020
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.
March 30, 2020
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.
May 29, 2019
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.