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O’Melveny’s Aronson Quoted on Reuters on Chinese Reverse Merger Cases

June 22, 2012

O’Melveny & Myers LLP Los Angeles partner Seth Aronson was quoted in the June 21, 2012, Thomson Reuters article “Orient Paper in $2 mln reverse merger settlement.” The article reports on Orient Paper Inc.’s US$2 million settlement against shareholder accusations of securities fraud. According to Reuters, “the deal marks one of the first settlements of cases targeting Chinese companies that entered the U.S. markets via a reverse merger rather than initial public offering.” Aronson, who heads O’Melveny’s China-Based US-listed Company Litigation Task Force, commented on how Chinese reverse merger cases “are just now becoming ripe for settlement.”