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IN RE ShengdaTECH, INC. SECURITIES LITIGATION

No. 11 Civ. 1918 (LGS).

In re SHENGDATECH, INC. SECURITIES LITIGATION.

United States District Court, S.D. New York.

August 12, 2014.

Attorney(s) appearing for the Case

Donald D. Yaw, Lead Plaintiff, represented by Mario Alba, Jr , Robbins Geller Rudman & Dowd LLP, Avital Orly Malina , Robbins Geller Rudman & Dowd LLP, Edward Y. Kroub , Robbins Geller Rudman & Dowd LLP, Michael Gerard Capeci , Robbins Geller Rudman & Dowd LLP & Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP.

Edward J. Schaul, Lead Plaintiff, represented by Mario Alba, Jr , Robbins Geller Rudman & Dowd LLP, Avital Orly Malina , Robbins Geller Rudman & Dowd LLP, Edward Y. Kroub , Robbins Geller Rudman & Dowd LLP, Michael Gerard Capeci , Robbins Geller Rudman & Dowd LLP & Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP.

James Thomas Turner, Individually and on behalf of all others similarly situated, Plaintiff, represented by Mario Alba, Jr , Robbins Geller Rudman & Dowd LLP & Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP.

Erik S. Mathes, on b ehalf of himself and all others similarly situated, Consolidated Plaintiff, represented by Donald R. Hall, Jr , Kaplan Fox & Kilsheimer LLP, Frederic Scott Fox, Sr , Kaplan Fox & Kilsheimer LLP, Hae Sung Nam , Kaplan Fox & Kilsheimer LLP & Irina Kobylevsky , Kaplan Fox & Kilsheimer LLP.

Marlon Fund SICA V PLC, Movant, represented by Jeremy Alan Lieberman , Pomerantz LLP.

Thomas Loomis, Movant, represented by Irina Kobylevsky , Kaplan Fox & Kilsheimer LLP.

Shadas, Movant, represented by Phillip C. Kim , The Rosen Law Firm P.A..

Shengdatech, Inc., Defendant, represented by Miriam G. Bahcall , Greenberg Traurig, LLP & Robert Allen Horowitz , Greenberg Traurig, LLP.

KPMG LLP, Defendant, represented by Kevin Michael Hodges , Williams & Connolly LLP, Benjamin M. Greenblum , Williams & Connolly LLP & William Pruitt Ashworth , Williams & Connolly LLP.

KPMG Hong Kong, Defendant, represented by Ari Micah Selman , Bingham McCutchen LLP.

KPMG, Defendant, represented by Ari Micah Selman , Bingham McCutchen LLP & Steven W. Hansen , Bingham McCutchen LLP.

KPMG, a Hong Kong Partnership, Defendant, represented by Jeffrey Q. Smith , Bingham McCutchen LLP.

KPMG Hong Kong, Defendant-in-Rem, represented by Jeffrey Q. Smith , Bingham McCutchen LLP.

OPINION AND ORDER

LORNA G. SCHOFIELD, District Judge.

Shareholders of ShengdaTech, Inc. ("ShengdaTech" or the "Company") brought suit against ShengdaTech and its officers and directors for securities fraud. This consolidated action is now before the Court on the motion of Defendants A. Carl Mudd and Sheldon B. Saidman to dismiss the Third Consolidated Amended Class Action Complaint. For the following reasons, their motion is granted.

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