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WANDEL v. GAO

1:20-cv-03259 (PAC).

590 F.Supp.3d 630 (2022)

Katherine WANDEL, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. Jing GAO, Derek Boyang Shen, Yan Cui, Wenbiao Li, Erhai Liu, Xian Chen, William Wang, Gang Ji, Edwin Fung, Jianping Ye, Jason Zheng Zhang, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Tiger Brokers (NZ) Limited, US Tiger Securities, Inc., Cogency Global Inc., Richard Arthur and Phoenix Tree Holdings Limited, Defendants.

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

Signed March 14, 2022.

Attorney(s) appearing for the Case

Michael Ira Fistel, Jr. , Johnson Fistel, LLP, Marietta, GA, Ralph M. Stone , Stone Law Group PLLC, New York, NY, Avital Malina , Joseph Frank Russello , Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP, Melville, NY, for Plaintiff.

Michael James Maloney , Felicello Law P.C., New York, NY, for Defendant Wenbiao Li.

Adam Selim Hakki , Daniel Craig Lewis , Shearman & Sterling LLP, New York, NY, for Defendants Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Tiger Brokers (NZ) Limited, US Tiger Securities, Inc.

Joanna Andrea Diakos , K & L Gates LLP, New York, NY, for Defendants Cogency Global Inc., Richard Arthur.

ORDER & OPINION

This securities case is brought by shareholders of Phoenix Tree Holdings, Limited ("Phoenix Tree" or the "Company"), a residential rental company based in China and with operations in Wuhan. In January 2020—on the cusp of the coronavirus pandemic...

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