Credit: vegefox.com/Adobe Stock China Concludes First-Ever Securities Class Action With a Slap-on-the-Wrist Order
In China's first-ever securities class action, Kangmei Pharmaceuticals has been ordered to pay $385 million as compensation—just enough for 50,000 investors to recoup their losses.
November 22, 2021 at 11:35 AM
2 minute read
Kangmei Pharmaceuticals, one of China's largest Chinese medicine makers, has been ordered to pay its 50,000 investors $385 million as compensation for their losses on their company's stock. The matter marked closure to the country's first-ever securities class action.
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