Sinotech Energy Securities Litigation
Athale v. Sinotech Energy Ltd., et al. No. 11-cv-05831, (D.N.J.). The Weiser Law Firm, serving as Co-Lead Counsel in this matter produced a settlement of $20 million for the Class as compensation for Defendants’ materially false and misleading statements to the investing public regarding Sinotech’s business and prospects. This case is a particularly significant and positive result for shareholders in that it represents one of the few cases where American investors have been able to achieve a fulsome recovery in a securities fraud action against wrongdoers based in China.