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Investors Want OK For $2M Deal In Suit Against Chinese Co.

By Zachary Zagger (January 27, 2015, 7:49 PM EST) -- A proposed class of investors asked a New Jersey federal court to preliminarily approve the class and a $2 million settlement with Universal Travel Group, a Chinese company accused of securities fraud, arguing that because China does not enforce U.S. judgments, the settlement is the best chance of investors getting any money back at all....

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