Analysis: Auditors face suits over U.S.-listed Chinese blowups
By Carlyn Kolker
NEW YORK |
Thu Jun 9, 2011 10:03pm EDT
NEW YORK (Reuters) - Investors who have suffered a drubbing from accounting scandals at U.S.-listed Chinese companies are starting to sue the auditors who blessed their financial statements, but it will be tough for them to win in American courts.
Shareholders already have sued a string of China-based, U.S.-listed companies for fraud, saying they lost money when stocks tanked after financial Read more [...]