Global Processing

Agria Named in IPO Class-Action Lawsuit

May 5, 2008
According to the Associated Press, Chinese agricultural supplier Agria Corp. said recently a class action lawsuit has been filed against it in a U.S. district court, alleging misleading and omitted items in the company''s initial public offering filing in November with the Securities and Exchange Commission.

Agria said some board members and company officers have also been named as defendants in the lawsuit.

The company said it will "contest and defend the allegations against it."