Rose v. Deer Consumer Products, Inc., No. CV11-3701 –DMG (MRWx) (Partial Settlement)

The Rosen Law Firm is currently serving as sole Lead Counsel in this class action pending in the U.S. District Court of the Central District of California.  The complaint alleges violations of §§10b and 20(a) of the Securities Exchange Act arising the issuance of false statements concerning the Company’s true financial condition.  The parties agreed to a partial settlement for $2.125 million in cash.  The case is ongoing against Deer’s auditor.

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