Following in the footsteps of DLA Piper and Fulbright, U.S. firm Blank Rome has formed a China company securities litigation task force. The team comprises of nearly 20 lawyers across various offices and practices. It will assist Chinese-based companies listed on US, who are affected by the dramatic uptick in securities litigation and government investigations in America.

Since China has grown to become a major source of new international stock listings, many Chinese public companies have started to become the targets of shareholder class actions and derivative litigation. Over the past few months, China-based issuers have been subject to a wave of securities class actions and derivative lawsuits and investigations from the US Securities and Exchange Commission. 
 
Barry Genkin, Chair of Blank Rome’s Asia Capital Market’s Practice, said “Given the current focus of the plaintiff’s bar, U.S. regulators and Congress, we realised the importance of forming a top-notch team of professionals who understand China companies and the Chinese culture, and can guide China-based clients through these complicated matters.”  ALB

Related stories:

• Practice management:DLA,Fullbright form specialist teams for U.S.listing lawsuits (29 June 2011)
• Blank Rome launches office in Shanghai (6 June 2011)