Magistrate Approves $2.25M Settlement Between Chinese Company, Investors

( December 17, 2025, 12:40 PM EST) -- NEWARK, N.J. — A federal magistrate judge in New Jersey approved a $2.25 million settlement between investors and a Chinese livestreaming platform and two of its executives in a securities class action brought by the investors for alleged violations of federal securities laws after the company’s American depository shares price dropped after information was released regarding a Chinese authority’s investigations into alleged criminal activity....