Legal Opinion
In re DNTW Chartered Accountants Securities Litigation
District Court, S.D. New York
Decided March 30, 2015No. 13 Civ. 4632(PGG)PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION & ORDER
PAUL G. GARDEPHE, 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 disregarded ... obvious fraud at Subaye,” (Corrected Class Action Cmplt. (Dkt. No. 21) ¶ 5), and “issued ... materially false and misleading ‘clean’ audit reports for Subaye’s fiscal 2009 and 2010 financial statements.” (Id. ¶…
2Cases cited36 opinions
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- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Foman v. DavisSupreme Court of the United States · 1962
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
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3Cited by3 opinions
- In re DNTW Chartered Accountants Securities LitigationDistrict Court, S.D. New York · 2016
- Chen v. China Green Agriculture IncDistrict Court, S.D. New York · 2021
- Rahul Saraf, individually and on behalf of all others similarly situated v. Ebix, Inc.District Court, S.D. New York · 2023