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Case of the Day: In re China Intelligent Lighting and Electronics Sec. Litig.
The case of the day is In re China Intelligent Lighting & Electronics, Inc. Securities Litigation (C.D. Cal. 2012). The plaintiffs, Perritt Emerging Opportunities Fund, Universal Invest Quality SICAV, Acero SA, and Antoine de Sejournet, brought a putative class action against China Intelligent Lighting, a Delaware corporation doing business in China, and several officers or……
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Case of the Day: First Investment Corp. of the Marshall Islands v. Fujian Mawei Shipbuilding
The case of the day is First Investment Corp. of the Marshall Islands v. Fujian Mawei Shipbuilding, Ltd. of the People’s Republic of China (E.D. La. 2012). The case involved a shipbuilding contract. The Fujian Group, a Chinese state-owned enterprise, and Mawei, a private corporation that was majority-owned by Fujian, refused to honor a contractual……
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Case of the Day: Rose v. Deer Consumer Products
The case of the day is Rose v. Deer Consumer Products, Inc. (C.D. Cal. 2011). According to the complaint, Deer was a small appliance manufacturer in China. Deer was a public company. Because it was in financial difficulty, it sought new investment from the United States. But according to the plaintiffs, Deer “lied about its……
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Case of the Day: In re China Education Alliance Securities Litigation
The case of the day is In re China Education Alliance, Inc., Securities Litigation (C.D. Cal. 2011). Vinnie Apicella brought a securities class action against China Education Alliance, Inc., Xiqun Yu, Zibing Pan, Chunqing Wang, James Hsu, Lainzheng Zhang, and Yizhao Zhang. Because the case was subject to the Private Securities Litigation Reform Act, discovery……
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Case of the Day: Pacific Worldwide v. Ample Bright Development
The case of the day is Pacific Worldwide, Inc. v. Ample Bright Development, Ltd. (S.D.N.Y. 2011). The Plaintiffs, Pacific Worldwide and Pacific International Alliance, are US apparel manufacturers. The defendants, Ample Bright Development, Ltd. and Fortune Enterprises, Ltd., are Hong Kong businesses that acted as the plaintiffs’ agents in Hong Kong. The facts of the……