Xu v. Gridsum Holding Inc. et al

  1. April 04, 2024

    Attys Awarded $1.5M In Fees On Tax Disclosure Suit

    Attorneys who won a $4.5 million settlement for a class of investors claiming a Chinese startup misrepresented its tax liability will receive their requested $1.5 million in attorney fees, a New York federal judge ruled.

  2. March 06, 2024

    Startup Investors' Attys Want $1.5M In Fees On Disclosure Suit

    Lawyers for a class of investors have asked a New York federal court to approve their attorney fees of $1.5 million for a $4.5 million settlement with a Chinese analytics startup over claims the company misrepresented its tax liability before its initial public offering. 

  3. December 04, 2023

    Chinese Co. Investors Ink $4.5M Deal In IPO Disclosures Suit

    A group of investors suing Chinese analytics startup Gridsum Holding Inc. has asked a New York federal judge to preliminarily approve a $4.5 million deal to settle claims that it made misrepresentations ahead of its initial public offering.

  4. February 22, 2021

    PwC, Citi, Goldman Sachs Dodge Startup Stock-Drop Suit

    A New York federal judge Monday granted a bid from PwC's Chinese unit and underwriters including Citi and Goldman Sachs to escape a proposed securities class suit alleging Chinese startup Gridsum, which PwC audited, misled investors ahead of an initial public offering.

  5. July 27, 2020

    PwC Liable For Startup's Misleading Audits, Investors Say

    A Chinese unit of PwC deliberately ignored "red flags" that a Chinese startup understated its tax expenses and should be liable for its fraud, investors told a federal court in asking to keep the accounting firm in a stock-drop lawsuit.

  6. June 09, 2020

    PwC Asks To Be Dropped From Suit On Startup's Tax Info

    The Chinese unit of PwC asked a New York federal court Tuesday for dismissal from a stock-drop suit against a Beijing-based data startup, contending it had nothing to do with what investors say was that company's understatement of tax expenses.

  7. March 30, 2020

    PwC Unit, Underwriters Escape Gridsum Stock-Drop Suit

    The Chinese unit of PwC and a group of underwriters were dropped on Monday from a stock-drop suit that accuses the Beijing-based data analytics company Gridsum of misrepresenting its financials.

  8. May 29, 2019

    Analytics Co., PwC, Underwriters Want Out Of Stock-Drop Suit

    Beijing-based data analytics company Gridsum, its former auditor and the underwriters for its initial public offering all want out of a securities suit alleging they misrepresented the company's financials, leading to massive investor losses.