China Green Agriculture, Inc
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China Green Agriculture, Inc. Securities Settlement
The lawsuit was settled for $2.5 million in cash on March 7, 2014. The following is a summary of the proceedings in this lawsuit: ‘Fredric Elliott filed the original purported securities class action complaint in the Litigation on October 15, 2010 alleging that CGA and certain of its officers and directors made false and misleading statements in CGA public filings with the U.S. Securities and Exchange Commission in violation of federal securities laws. On April 27, 2011, the Court appointed a group of purported CGA shareholders as Lead Plaintiffs. Lead Plaintiffs subsequently filed an amended complaint against the same defendants, and added as defendants Roth Capital Partners LLC, Rodman & Renshaw LLC, who acted as underwriters in connection with CGA public offering of securities. On November 2, 2012, the Court entered an order dismissing defendants Roth Capital Partners LLC, Rodman & Renshaw LLC, Ken Ren and Robert B. Fields from the Litigation.’