Legal Opinion
Zhong Zheng v. Pingtan Marine Enter. Ltd.
District Court, E.D. New York
Decided March 31, 2019No. 17-CV-3807 (DLI) (VMS)PublishedCited by 13 opinions
1Opinion of the Court
DORA L. IRIZARRY, Chief United States District Judge
Plaintiff Zhong Zheng ("Plaintiff") brings this proposed securities class action based on a May 10, 2017 article published on a website www.aureliusvalue.com entitled, "Pingtan Marine: A Fraud That Finances Human Trafficking and Poaching" (the "Aurelius Article"), which allegedly caused a twenty-eight percent drop in the stock price of Defendant Pingtan Marine Enterprises Ltd. ("Pingtan"). Plaintiff claims to have purchased Pingtan's securities during the putative class period and seeks certification of a purported class. Plaintiff now seeks…
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