WestPark Capital Announces Dismissal of the Class Action Suit Against China Century Dragon Media, Inc.
LOS ANGELES, Dec. 16, 2011 /PRNewswire/ -- WestPark Capital, Inc. announced that a Los Angeles Federal Court has dismissed a shareholder class action against all defendants including China Century Dragon Media, Inc. (CCDM), a company that sells television advertising space in China.
In a ruling from the U.S. District Court for the Central District of California dated November 30th, the action was dismissed as to all defendants including CCDM because the Court concluded that the plaintiffs failed to state a claim for which relief could be granted. CCDM listed on the NYSE Amex exchange in connection with an IPO in February of this year.
About WestPark Capital, Inc.
WestPark Capital is a leading investment banking and securities brokerage firm serving the needs of private and public growth companies worldwide. WestPark is committed to forging lasting partnerships with emerging growth companies and the investors who back them. WestPark provides a comprehensive range of corporate finance services, including initial public offerings, registered direct offerings, PIPES, follow-on offerings, private placements, M&A and corporate finance advisory services. Additional information about WestPark Capital, Inc. is available at www.wpcapital.com or at firstname.lastname@example.org.
WestPark Capital, Inc.
Richard Rappaport, CEO
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