China Green Agriculture, Inc.

Case Details

Class Period:
November 12, 2009 – September 1, 2010
Date Filed:
October 15, 2010
Case Number:
3:10-cv-00648-LRH-WGC
Jurisdiction:
District of Nevada

Case Summary

Saxena White filed the original Complaint on October 15, 2010 and was appointed as Lead Counsel on April 27, 2011. According to the Complaint, during the Class Period, Defendants misled investors about the quality and nature of China Green's reported financial statements. After filing an Amended Complaint on June 13, 2011 and fully briefing the various Defendants’ Motions to Dismiss, the District of Nevada heard oral argument on October 2, 2012. After complementing counsel for their professionalism and thoroughness, the Honorable Larry R. Hicks took the Motions under submission.  On November 2, 2012, Judge Hicks issued an order denying in part Defendants’ Motions to Dismiss. 

On April 8, 2013, the parties notified Judge Hicks that they reached an agreement in principle to settle the matter. On March 20, 2014, the Court granted Lead Plaintiff’s Motion for Preliminary Approval of the Settlement and Notice to the Class.  The Court held a hearing on July 22, 2014 and determined on August 12, 2014 that the $2,500,000 Settlement would be finally approved as fair, reasonable and adequate.