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VANDERHOEF v. CHINA AUTO LOGISTICS INC. et al
Case Number:
2:18-cv-10174
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 02, 2021
Chinese Car Seller Execs Must Face Related-Party Deals Suit
A New Jersey federal judge rejected the argument that current and former executives and directors did not control a business that sells imported luxury vehicles in China, as the jurist upheld class claims over transactions allegedly used to divert company profits to an ex-CEO, his wife and their families.
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August 31, 2020
Chinese Car Seller Must Face Suit Over Related-Party Deals
A New Jersey federal judge on Monday refused to toss class claims against a business that sells imported luxury vehicles in China, finding that investors sufficiently alleged that company executives acted knowingly or recklessly in failing to disclose that certain deals involved immediate family members and other related parties.
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September 12, 2018
Rosen Law Firm Gets Lead Counsel In Chinese Car Seller Suit
A New Jersey federal judge has appointed The Rosen Law Firm PA as lead counsel and its clients as lead plaintiffs in a putative securities class action against a company that sells imported luxury vehicles in China over alleged misrepresentations about its operations.
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June 05, 2018
Chinese Car Seller Faces Investor Suit Over Late Financials
A company that exports and sells luxury vehicles to China was accused of securities fraud in New Jersey federal court on Tuesday after the firm warned investors that it was investigating related-party transactions, and as a result its financials would be delayed and its shares may stop trading on the Nasdaq.