Time For Chinese Fraudcaps To Exit Stage Left

zerohedge 06/08/2011

"virtually all companies currently halted indefinitely on the Nasdaq are of Chinese origin"

The latest example of such a legal backlash is Alfred Little whose work Zero Hedge has posted in the past, exposing such alleged frauds as Deer and Sino Clean Energy. Bloomberg reports: "Deer Consumer Products Inc. and Sino Clean Energy Inc. U.S.-listed Chinese companies battered by fraud allegations in online reports, are blaming their big share slides on a blogger who uses the pseudonym Alfred Little. The two firms have filed defamation lawsuits in New York against “Little” and websites that published his blogs. The cases are the most significant efforts by Chinese companies that trade on U.S. exchanges to fight back against bloggers and short sellers who have questioned their accounting practices."

skapina to tu tak prispejem aspon takouto malickostou z dneska...