These three new securities class action lawsuits follow closely on the heels of the four accounting-related lawsuits involving Chinese companies filed earlier this month…. With these three latest lawsuits, there have now been a total of 14 securities class action lawsuits filed against Chinese and China-liked companies in 2011, out of a total of about 61 securities lawsuits that have filed so far this year, meaning that the suits against Chinese companies represent about 23% of all securities lawsuits filed so far this year. Ten of these have been filed just in the last 30 days.
The signs are that this recent outburst of new lawsuit filings involving Chinese companies will likely continue.
Read more: Securities Suits Against Chinese Companies Continue to Mount — The D&O Diary