China Automotive Systems Inc. (CAAS) announced that, on May 31, 2013, the U.S. District Court for the Southern District of New York declined to certify a class of investors in a securities fraud class action suit against the Company. Due to this denial, depositions in this case have been postponed or canceled, and the case will proceed only on behalf of the individual named plaintiffs and not as a class action, the company said.
The company said it continues to contest the plaintiffs' individual allegations, which the Company believes to be meritless.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.