This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

US court dismisses investor lawsuit against PetroChina

( August 3, 2015, 17:00 GMT | Official Statement) -- MLex Summary: A federal judge in New York has granted PetroChina’s motion to dismiss a lawsuit filed by investors accusing the company of breaching securities laws by failing to disclose a corruption scandal affecting the oil giant and its state-owned parent, the China National Petroleum Corporation (CNPC). The lawsuit sought to recover losses incurred by investors between April 26, 2012, to Dec. 17, 2013. Judge Ramos ruled that the plaintiffs had produced insufficient evidence to support their claim that PetroChina’s statements about its compliance practices were false or misleading.Read the full ruling below in the DF:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections