WestPark Capital Announces Dismissal of the Class Action Suit Against WestPark in the Case Against China Intelligent Lighting...
March 15 2012 - 4:00PM
Marketwired
WestPark Capital, Inc. announced that a Los Angeles Federal Court
has dismissed a shareholder class action against WestPark Capital,
Inc. in the case against China Intelligent Lighting and
Electronics, Inc., a company that is principally engaged in the
design, manufacture, sales and marketing of high-end quality LED
and other lighting products for the household and commercial indoor
and outdoor lighting industries in China.
In a ruling from the U.S. District Court or the Central District
of California dated February 15th, 2012 the action was dismissed as
to defendant, WestPark Capital, Inc. because the Court concluded
that the plaintiffs failed to state a claim for which relief could
be granted. CIL was listed on the NYSE Amex exchange in connection
with an IPO in June of 2010.
About WestPark Capital
WestPark Capital, Inc., (www.wpcapital.com) is a full-service
national and international investment bank focused on emerging
growth sectors such as healthcare, software, technology,
biotechnology, financial services, manufacturing, consumer
products, media and telecom industries, among other categories.
WestPark provides a comprehensive range of corporate finance
services, including initial public offerings, follow-on offerings,
private placements and corporate finance advisory services.
WestPark is committed to forging lasting partnerships with emerging
growth companies and the investors who back them. Member:
FINRA/SIPC.
Contact: WestPark Capital, Inc. Richard Rappaport
CEO (310) 843-9300