Stream Sicav v. Wang
District Court, S.D. New York
1Opinion of the Court
OPINION & ORDER
PAUL A. ENGELMAYER, District Judge:
In this putative class action, lead plaintiff Stream SICAV and named plaintiffs Dharanendra Rai and Tien Chung (collectively “Stream SICAV” or “plaintiffs”) allege that defendants SmartHeat, Inc. (“SmartHeat”) and James Jun Wang violated § 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. § 78j(b), and the United States Securities and Exchange Commission’s implementing rule, 17 C.F.R. § 240.10b-5 (“Rule lOb-5”).1 Stream SICAV alleges that SmartHeat and Wang omitted to reveal information that rendered materially false…
2Cases cited23 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
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- Mullane v. Central Hanover Bank & Trust Co.Supreme Court of the United States · 1950
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- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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