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Wandel v. Gao et al
Case Number:
1:20-cv-03259
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Class Action
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April 22, 2022
Chinese Co-Living Co. Couldn't Know COVID Risk, Judge Says
A Chinese co-living company that went public on the cusp of the pandemic defeated a proposed securities class action after a New York federal judge concluded the business had no way of knowing COVID-19 cases would skyrocket days after people bought shares.
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May 29, 2020
COVID-19 Securities Catch-Up: The 8 Biggest Investor Actions
At least 50 federal securities cases with references to COVID-19 have been filed in the past three months, including merger challenges, regulatory enforcement actions and sprawling investor suits, according to a Law360 review of filings. As the pandemic pushes into the summer, Law360 is taking a look at eight major investor actions that were brought in connection with the novel coronavirus since March.
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April 27, 2020
Chinese Co-Living Co. Hit With Investor Suit Over COVID-19
A Chinese co-living company operating under the Danke and Dream Apartment brands was sued in New York federal court for allegedly misleading investors about its risks, including the threat it faced from the novel coronavirus, when the company launched its initial public offering earlier this year.