Cases
China Zenix Auto International Limited (ZXAIY)
Securities Class Action
Overview
Overview
- Date:
- 12/7/2018
- Company Name:
- China Zenix Auto International Limited
- Stock Symbol:
- ZXAIY
- Class Period:
- FROM 10/2/2015 TO 6/14/2018
- Status:
- Closed/Complete
- Court:
- U.S. Bankruptcy Court: District of New Jersey
NEW YORK, December 7 2018 - According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) China Zenix’s trading actions in connection with its compliance with the NYSE Continued Listed Requirements were contrary to public policy; (2) China Zenix had inadequate internal controls over financial reporting; and (3) as a result of the foregoing, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times When the true details entered the market, the lawsuit claims that investors suffered damages.