Litigation
Dec. 6, 2011
Judges lift stays, kickstart reverse-merger suits
Plaintiffs in the growing number of securities fraud class actions against Chinese-based companies are getting a shot in the arm by federal judges willing to lift discovery restrictions.
Daily Journal Staff Writer
LOS ANGELES - Plaintiffs in the growing number of securities fraud class actions against Chinese-based companies are getting a shot in the arm by federal judges willing to lift discovery restrictions, propelling their otherwise stalled cases.
U.S. District Judge Manuel L. Real of the Central District on Monday ruled that plaintiffs who have been unable to locate and serve their complaint on seven fo...
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