After six years of litigation, including extensive motionpractice, an appeal to the Second Circuit, remand, more motionpractice, and discovery, lead counsel learned that the lead plaintiff never purchased any of the securities at issue in this action.
The American film industry is extremely reluctant to discuss the China concessions Hollywood is making, and the industry's main lobbying group, the Motion Picture Association of America, tries to portray the practice in the best possible light.