Desarrolladora Homex (DHOXY) $300K Investor Settlement

The settlement funds have been distributed to claimants.

$300,000

Cash Settlement

E.D. New York

Court

2:17-cv-01416

Case number

05/07/2012

Class period Start

05/28/2014

Class period End

Desarrolladora Homex (DHOXY) has agreed to a $300,000 settlement to resolve claims that investors were misled in connection with the company’s financial reporting and ADR trading on U.S. markets.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Jose Acosta

Attorneys

Levi & Korsinsky, LLP

Defendants

Gerardo de Nicolás Gutiérrez; Carlos Moctezuma Velasco; Ramón Lafarga Batiz

Administrator

Angeion

Trades matching type

FIFO

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