$3.5 Million KongZhong Class Action Settlement Approved by The Court 350万美元的空中集体诉讼解决法院批准
A settlement agreement under which KongZhong (KONG) will pay US$3.5 million to resolve a securities class action arising out of the company’s 2004 initial public offering has been approved by the United States District Court for the Southern District of New York.和解协议下的空中网（香港）将支付350万美元，以解决证券集体行动，因该公司2004年的首次公开招股已批准由美国地区法院为纽约南部地区。
Persons who purchased or sold the company’s ADSs between July 9, 2004 and August 17, 2004 may be eligible to recover pursuant to the settlement.谁的人购买或出售该公司的美国存托股份之间的2004年7月9日和2004年8月17日可能有资格，以收回根据沉降的速度。
The company says it nevertheless agreed to this settlement to avoid the expense, distraction and uncertainty associated with continued litigation without admitting any fault, liability or wrongdoing.该公司称，但它同意这项解决，以避免牺牲，分心和不确定性相关的继续诉讼，没有承认任何过失时，赔偿责任或过失。
Filed under提起下 Class Action一流的行动 , ， General Law一般规律 , ， Settlements住区 | |
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