China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud
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China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud
SHANGHAI – China filed the country’s first class action lawsuit against a publicly traded company against Kangmei Pharmaceutical Co on Friday as regulators praised “zero tolerance” for accounting fraud and other capital market tumors. The China Securities Investor Service Center (CSISC), a government-affiliated entity, is suing Kangmei on behalf of more than 50 individual investors […]The post..
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