tag:blogger.com,1999:blog-1525000386726567268.post4830603225391958041..comments2019-04-30T03:31:01.207-06:00Comments on TIBET PHARMACEUTICAL INC : China Fraud Hunterhttp://www.blogger.com/profile/11780123521753348839noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-1525000386726567268.post-74549020439097736912017-05-23T23:55:33.264-06:002017-05-23T23:55:33.264-06:00Will there ever be justice served, or will these c...Will there ever be justice served, or will these criminals be allowed to escape like Y.Peng? I sure hope not. We've lost a lot, including our future from this ordeal. The money and the worry and the loss of opportunities throughout the many years have taken a grave toll on us. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-44912419579765352052017-04-25T04:28:47.993-06:002017-04-25T04:28:47.993-06:00I am curious about the response of Rosen law, is t...I am curious about the response of Rosen law, is there any possibility of appeal against the decision?melgibsonhttps://www.blogger.com/profile/17362047512389446749noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-67863012906373463142017-04-21T20:38:24.409-06:002017-04-21T20:38:24.409-06:00The "Judge" had made a technical decisio...The "Judge" had made a technical decision basing it on a "lack of effort"? You gotta be kidding me, what Hogwash. Peng at best is complicit and he's a Criminal. What good are laws if they don't serve justice? He needs to pay the price for the torture he imposed on us. Real justice will never be served by the United States court system. We need to bring this POS to Real Justice. He needs to be captured and made an example of. It's said never to stoop down to such a low level. But with such scum buckets there's no other way to bring a POS like this to Justice. It really boils down to an eye for an eye. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-39352651556458777492017-04-20T09:17:12.646-06:002017-04-20T09:17:12.646-06:00Since there hasn't been much on update on this...Since there hasn't been much on update on this blog, I thought that I would update everyone about a recent event: Tibet Pharmaceuticals Exec Escapes Class Action Over IPO (https://www.law360.com/articles/908900/tibet-pharmaceuticals-exec-escapes-class-action-over-ipo).<br /><br />Law360, New York (April 3, 2017, 1:19 PM EDT) -- A New Jersey federal judge has allowed a director of a Tibetan pharmaceutical company to escape an investor class action alleging the company lied about its financial health ahead of a 2011 initial public offering, saying investors waited too long to serve him a copy of the suit. <br /><br />Investors in 2013 added Tibet Pharmaceuticals Inc. director Youhang Peng to their suit alleging that the company misrepresented its finances by overstating its assets and concealing adverse court decisions ahead of a $16.4 million IPO, but did not serve him until nearly three years later. U.S. Judge John M. Vazquez on Friday dismissed Peng from the suit, saying investors, who claim they were initially unsure whether Peng lived in China or Texas, hadn’t tried hard enough to serve him.<br /><br />“The court sees no basis upon which it should exercise its discretion to extend plaintiffs’ time to serve Peng,” Judge Vazquez said.<br /><br />Investors first filed the suit in 2012 in Virgin Islands federal court, alleging that Tibet Pharmaceuticals, a British Virgin Islands holding company that controlled a Chinese company that manufactured and sold modernized traditional Tibetan medicine, had misled investors in its IPO registration statement.<br /><br />Investors said Tibet, Peng and other directors concealed that the company had defaulted on $4.54 million in loans from the Agricultural Bank of China and that a Chinese court had permitted the bank to seize all of its assets.<br /><br />The bank began to auction off Tibet’s Chinese assets on Feb. 17, 2012, and the auction was announced in a Chinese Web post the same day, according to court records. Tibet responded to the announcement 10 days later with a news release calling the report untrue, according to the suit.<br /><br />The NASDAQ halted trading of Tibet’s shares on April 2, 2012, and delisted the stock on April 27 after Tibet failed to provide requested information.<br /><br />The case was transferred to New Jersey in May 2014 and the shareholders were granted certification in February 2016.<br /><br />The shareholders are represented by Laurence M. Rosen and Sara Fuks of The Rosen Law Firm PA.<br /><br />Peng is represented by Scott Cargill, Michael Tremonte and Justin J. Gunnell of Sher Tremonte LLP.<br /><br />Counsel information for Tibet Pharmaceuticals was not available on Monday.<br /><br />The case is Robin Joachim Dartell et al. v. Tibet Pharmaceuticals Inc. et al., case number 2:14-cv-03620, in the U.S. District Court for the District of New Jersey.<br /><br />--Additional reporting by Rick Archer. Editing by Kelly Duncan.<br />Im2bz2p345https://www.blogger.com/profile/02085114392375620190noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-40521533305397625912017-01-26T11:01:30.860-07:002017-01-26T11:01:30.860-07:00^ Ty for that update melgibson!^ Ty for that update melgibson!Im2bz2p345https://www.blogger.com/profile/02085114392375620190noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-88358156974360018442017-01-26T05:50:54.575-07:002017-01-26T05:50:54.575-07:00The Court will hold a hearing in this case (Dartel...The Court will hold a hearing in this case (Dartell v. Tibet Pharmaceuticals, Inc. et al., Case No. 14-cv-3620) on June 6, 2017 to consider whether the approve the settlement and a request by the lawyers representing all Class Membersmelgibsonhttps://www.blogger.com/profile/17362047512389446749noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-1572979086053858302016-12-23T09:19:10.698-07:002016-12-23T09:19:10.698-07:00Any updates or good news as of late that has come ...Any updates or good news as of late that has come out of this horrible case? The holidays are around the corner and I cannot believe that more than 5 years later, we are still fighting for our pennies per share!Im2bz2p345https://www.blogger.com/profile/02085114392375620190noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-55319678888803134172016-11-25T15:53:23.453-07:002016-11-25T15:53:23.453-07:00So is this the end of this nightmare? Is the measl...So is this the end of this nightmare? Is the measly $2 million, when and if it gets released, less all the high fees and expenses the final end result? My wife has never forgiven me as I lost a huge disproportional amount of our lifetime savings to these thieves. I'm 60,it's probably too late for me, but if I could find the one(s) responsible I would definitely torture them near mercilessly, as this loss I've suffered has tortured me all these many years. Anyone here feel similarly? Anyone here have any thoughts on what to do now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-68456702353323487962016-11-17T20:55:26.053-07:002016-11-17T20:55:26.053-07:00I contacted the the claims administrator at Strate...I contacted the the claims administrator at Strategic Claims last month on the status of the settlement. I was told they were still performing a quality assurance check. When I asked how long it would take, they could not provide me with an answer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-87201195528016484482016-11-11T05:09:17.940-07:002016-11-11T05:09:17.940-07:00When you are seeking justice from a corrupt rigged...When you are seeking justice from a corrupt rigged system that promotes fraud and protect criminals, such delays are expected. The useless SEC has done nothing for 5 years. China Fraud Hunterhttps://www.blogger.com/profile/11780123521753348839noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-55712772994988473852016-11-10T23:28:49.567-07:002016-11-10T23:28:49.567-07:00I have yet to receive anything with regards to the...I have yet to receive anything with regards to the partial settlement, not even an acknowledgement? What is the delay? What else is in the works to achieve further restitution? It's now been five miserable years. Anyone here with knowledge kindly update us if you can. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-16536430073753295892016-09-04T09:59:33.642-06:002016-09-04T09:59:33.642-06:00Rosen applied to the Court to expedite the approva...Rosen applied to the Court to expedite the approval of the $2,075,000 settlement with ACSB.Any idee when we see the money?<br />Sterne Agee's settlement with the Trustee is still pending finalization!!Hoping for the best...melgibsonhttps://www.blogger.com/profile/17362047512389446749noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-23438775729816545652016-09-03T17:58:22.202-06:002016-09-03T17:58:22.202-06:00Thanks you for your efforts in updating this site....Thanks you for your efforts in updating this site.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-11272938671445332072016-09-03T16:56:17.494-06:002016-09-03T16:56:17.494-06:00Incredible act of cruelty. Sorry folks. Evil exist...Incredible act of cruelty. Sorry folks. Evil exists.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-41262092000539880392016-07-20T05:45:58.173-06:002016-07-20T05:45:58.173-06:00Awesome. Thanks for the archive.Awesome. Thanks for the archive.China Fraud Hunterhttps://www.blogger.com/profile/11780123521753348839noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-15368247764550348952016-07-19T11:16:08.415-06:002016-07-19T11:16:08.415-06:00Well that stinks! Here is the most up-to-date arch...Well that stinks! Here is the most up-to-date archive you may find & recover the information from (up until your February 9th, 2016 post): https://web.archive.org/web/20160214173025/http://tibetpharma.blogspot.com/<br /><br />Hope this helps,<br /><br />~ Im2bz2p345 :)Im2bz2p345https://www.blogger.com/profile/02085114392375620190noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-17181408011346177322016-07-15T13:39:28.030-06:002016-07-15T13:39:28.030-06:00It went blank. Looking into it.It went blank. Looking into it.China Fraud Hunterhttps://www.blogger.com/profile/11780123521753348839noreply@blogger.comtag:blogger.com,1999:blog-1525000386726567268.post-50171377974585322212016-07-15T10:41:27.956-06:002016-07-15T10:41:27.956-06:00EIOM, what happened to entire history on the court...EIOM, what happened to entire history on the court cases and all of your previous blog posts? This blog was the best way to track the progress and show others the entire "trail" of this mess. Can that please be restored or linked to somehow? All of our previous comments are also missing.Im2bz2p345https://www.blogger.com/profile/02085114392375620190noreply@blogger.com