Alejandro Puente v. Chinacast Education Corporation et al

Filing 92

JUDGMENT by Judge John F. Walter. IT IS ORDERED, ADJUDGED AND DECREED that: As the direct and proximate result of CAST's violations of Sections 10(b) of the Securities Exchange Act of 1934, the class suffered statutory damages of $65.8 million, per evidence. Judgment in the amount of $65,800,000 is granted against CAST, with costs to be determined, all to bear interest from this date at the legal rate. (MD JS-6, Case Terminated). (jp)

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Laurence M. Rosen, Esq. (SBN 219683)
Phillip Kim, Esq. (Pro Hac Vice)
THE ROSEN LAW FIRM, P.A.
355 South Grand Avenue, Suite 2450
Los Angeles, California 90071
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Patrick V. Dahlstrom
POMERANTZ LLP
Ten South La Salle Street, Suite 3505
Chicago, Illinois 60603
Telephone: [phone]
Facsimile: [phone]

Marc I. Gross
Jeremy A. Lieberman
POMERANTZ LLP
600 Third Avenue, 20th Floor
New York, New York 10016
Telephone: [phone]
Facsimile: [phone]

JS-6
NOTE: CHANGES MADE BY THE COURT

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Co-Lead Counsel for Lead Plaintiff
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UNITED STATED DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA

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IN RE CHINACAST EDUCATION
CORPORATION SECURITIES
LITIGATION

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Case No. CV 12-4621-JFW
(PLAx)
CLASS ACTION
JUDGMENT

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ORDER No. CV-124621-JFW (PLAx)

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TO ALL PARTIES AND THEIR COUNSEL OF RECORD:

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Having read and considered the Class’s Application, which complies with the

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requirements of Rule 55(b)(2) and was supported by the Expert Report of Peter Lert,

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Ph.D., CFA,

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IT IS ORDERED, ADJUDGED AND DECREED that:

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As the direct and proximate result of CAST’s violations of Sections 10(b) of the

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Securities Exchange Act of 1934, the class suffered statutory damages of $65.8 million,

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per evidence. Judgment in the amount of $65,800,000 (sixty-five million eight hundred

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thousand dollars) is granted against CAST, with costs to be determined, all to bear

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interest from this date at the legal rate.

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Dated:November 8, 2016

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Honorable John F. Walter
United States District Judge