Fuwei Films Class Action Settlement Announced In Securities Class Action Lawsuit Pending Against Fuwei Films Over Initial Public Offering IPO.
A class action settlement has reportedly been reached in a class action lawsuit against Fuwei Films (Holdings) Co. Ltd. (“Fuwei Films“ or “FFHL” or “Defendant”) pending in federal district court in New York, alleging, among other things that Fuwei Films, a manufacturer and distributor of BOPET plastic film located in China, and certain Fuwei Films officers and directors and certain underwriters, issued a registration statement and prospectus for Fuwei Films’ December 19, 2006 initial public offering(“IPO”), purportedly in violation of federal securities laws, according to a class action settlement news report.
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