Shareholder Claims Over Alleged Related-Party Transactions Dismissed

Mealey's (July 9, 2021, 12:07 PM EDT) -- BROOKLYN, N.Y. — Dismissal of federal securities law claims against a Chinese wireless communications technology company, certain of its current and former senior executives and two of its former auditors stemming from their alleged failure to disclose certain related-party transactions is necessary because shareholders have failed to sufficiently plead that any of the company’s financial statements were materially false or misleading, a federal judge in New York ruled July 7....