The plaintiffs, Perritt Emerging Opportunities Fund, Universal Invest Quality SICAV, Acero SA, and Antoine de Sejournet, brought a putative class action against China Intelligent Lighting, a Delaware corporation doing business in China, and several officers or directors, Li Xuemei, Wu Shiliang, Kui Jiang, Michael Askew, Zhang Hongfeng, and Su Yang, each of whom signed the offering documents at the heart of the plaintiffs’ Securities Act claim. [read post]