CASES
Deer Consumer Products, Inc.
Class Period: Mar 31, 2009 to Mar 21, 2011
Lead Plaintiff Deadline: Jun 28, 2011 + Deadline passed
Summary of Case:
A securities class action has been filed against Deer Consumer Products, Inc. ("Deer") on behalf of all persons who purchased the common stock of Deer from March 31, 2009 through March 21, 2011. This case has been filed in the USDC - California (Central).
The Complaint alleges that Deer misrepresented its financial performance, business prospects, and financial condition to investors, citing inconsistent Chinese regulatory filings. The Complaint also alleges that Deer improperly recognized revenue in violation of Generally Accepted Accounting Principles ("GAAP"). On March 9, 14, and 17, 2011, analyst Alfred Little issued a series of reports disclosing defendants' alleged fraud, which caused the stock price to drop, damaging investors.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.