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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2898)	3/18/2004 12:35:28 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Much lessons to learn - China Life expects more lawsuits from investors By Financial Times reporters Published: March 18 2004 5:54 \| Last Updated: March 18 2004 5:54 China Life, the Hong Kong and New York-listed arm of the mainland's largest insurer, filed a statement on Thursday saying it expected to face more class action lawsuits after a US law firm initiated one on behalf of investors who bought its shares soon after its $3.4bn international IPO last December. The Beijing-based company, which was created in 2003 as a listing vehicle of China Life group, was responding to a complaint which alleged that the company and individual senior managers had violated US securities regulations by failing to disclose ahead of its listing the details of a state investigation into the original group's accounts. Milberg Weiss Bershad Hynews & Lerach (Milberg Weiss), one of the law firms which launched a successful claim in 2002 against Netease, another New York-listed Chinese company, filed the class action in New York on Wednesday. news.ft.com