Current Report Filing (8-k)
April 28 2016 - 4:26PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
April
28, 2016 (April 22, 2016)
China
Commercial Credit, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
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001-36055
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45-4077653
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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890 Yongkang Road, Wujang,
Suzhou, Jiangsu Province
People’s Republic of China
(Address of Principal
Executive Offices)
+86
512 6396-0022
(Issuer’s telephone
number)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01. Other Events.
On
April 22, 2016, China Commercial Credit, Inc. (the “Company”) entered into a
Stipulation and Agreement of Settlement
(the “Stipulation”)
to settle the securities class action litigation captioned
In re China Commercial Credit Inc. Securities Litigation,
Docket No. 1:15-cv-00557-ALC (S.D.N.Y.) (the “Securities
Class Action”), which is pending against it in the United States District Court for the Southern District of New York (the
“Court”). The Stipulation resolves the claims asserted against the Company and certain of its current and former officers
and directors in the Securities Class Action without any admission or concession of wrongdoing or liability by the Company or
the other defendants. The Stipulation also provides, among other things, a settlement payment by the Company of $225,000 in cash
and the issuance of 750,000 shares of its common stock (the “Settlement Shares”) to the class members. The terms of
the Stipulation are subject to approval by the Court following notice to all class members. The issuance of the Settlement Shares
is expected to be exempt from registration pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended.
2
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CHINA COMMERCIAL CREDIT, INC.
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Date: April 28, 2016
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By:
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/s/ Long Yi
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Name:
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Long Yi
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Title:
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Chief Financial Officer
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