Legal Opinion

In re DNTW Chartered Accountants Securities Litigation

District Court, S.D. New York

Decided March 22, 2016No. 13 Civ. 4632 (PGG)PublishedCited by 1 opinion

1Opinion of the Court

*678MEMORANDUM OPINION & ORDER

PAUL G. GARDEPHE, UNITED STATES DISTRICT JUDGE.

This is a securities class action brought under Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”). Plaintiffs purchased shares of Subaye, Inc. and allege that the Company’s auditor — Defendant DNTW Chartered Accountants, LLP — “knowingly turned a blind eye. and deliberately disre*679garded ... obvious fraud at Subaye,” (Consolidated Amended Class Action Cmplt. (Dkt. No. 33) ¶5) (hereinafter Amended Complaint), and “issued materially false and misleading ‘clean’ audit reports for…

2Cases cited42 opinions

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3Cited by1 opinion

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