IN RE CHINACAST EDUCATION CORPORATION SECURITIES LITIGATION, CV 12-4621-JFW (PLAx). (2016)
Court: District Court, C.D. California
Number: infdco20161109b31
Visitors: 6
Filed: Nov. 08, 2016
Latest Update: Nov. 08, 2016
Summary: JUDGMENT JOHN F. WALTER , District Judge . TO ALL PARTIES AND THEIR COUNSEL OF RECORD: Having read and considered the Class's Application, which complies with the requirements of Rule 55(b)(2) and was supported by the Expert Report of Peter Lert, Ph.D., CFA, IT IS ORDERED, ADJUDGED AND DECREED that: As the direct and proximate result of CAST's violations of Sections 10(b) of the Securities Exchange Act of 1934, the class suffered statutory damages of $65.8 million, per evidence. Judgmen
Summary: JUDGMENT JOHN F. WALTER , District Judge . TO ALL PARTIES AND THEIR COUNSEL OF RECORD: Having read and considered the Class's Application, which complies with the requirements of Rule 55(b)(2) and was supported by the Expert Report of Peter Lert, Ph.D., CFA, IT IS ORDERED, ADJUDGED AND DECREED that: As the direct and proximate result of CAST's violations of Sections 10(b) of the Securities Exchange Act of 1934, the class suffered statutory damages of $65.8 million, per evidence. Judgment..
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JUDGMENT
JOHN F. WALTER, District Judge.
TO ALL PARTIES AND THEIR COUNSEL OF RECORD:
Having read and considered the Class's Application, which complies with the requirements of Rule 55(b)(2) and was supported by the Expert Report of Peter Lert, Ph.D., CFA,
IT IS ORDERED, ADJUDGED AND DECREED that:
As the direct and proximate result of CAST's violations of Sections 10(b) of the Securities Exchange Act of 1934, the class suffered statutory damages of $65.8 million, per evidence. Judgment in the amount of $65,800,000 (sixty-five million eight hundred thousand dollars) is granted against CAST, with costs to be determined, all to bear interest from this date at the legal rate.
Source: Leagle
