In re Petrochina Co. Ltd. Securities Litigation
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
RAMOS, District Judgé:
This consolidated class action arises from an alleged bribery scheme at the Chinese oil and gas company, PetroChina Company, Ltd. (“PetroChina” or “the Compan/’) during the period between April 26, 2012 and December 17, 2013 (the “class period”). According to the Second Amended Class' Action Complaint (“SAC”), during the class period, PetroChina falsely *348claimed to have adequate internal controls, while representing that it was complying with applicable laws and regulations and maintaining high standards of corporate governance and ethics.' Lead…
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