March 29, 2017 - The court granted defendants' motion to dismiss with prejudice.
August 3, 2016 - Defendants filed a motion to dismiss.

June 16, 2016 - The lead plaintiff filed a third amended complaint on behalf of investors who purchased China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) common shares between March 17, 2009 and June 16, 2016. The lead plaintiff alleges that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between March 17, 2009 and June 16, 2016.

May 16, 2016 - The court granted defendants' motion to dismiss without prejudice with leave to amend.

February 22, 2016 - Defendants filed a motion to dismiss.

January 22, 2016 - The lead plaintiff filed a second amended complaint on behalf of investors who purchased China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) common shares between July 11, 2011 and November 24, 2015. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between July 11, 2011 and November 24, 2015.

December 23, 2015 - The court granted defendants' motion to dismiss without prejudice with leave to amend.

May 29, 2015 - Defendants filed a motion to dismiss.

April 29, 2015 - Lead plaintiff and lead counsel were appointed.

December 5, 2014 - The plaintiff filed an amended complaint.

November 26, 2014 - An investor in shares of China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) filed a lawsuit in the U.S. District Court for the Southern District of New York against China Gerui Advanced Metals Group Ltd over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between January 11, 2012 and September 4, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) common shares between January 11, 2012 and September 4, 2014, that the defendants violated Federal Securities Laws.

China Gerui Advanced Metals Group Ltd reported that its annual Total Revenue declined from $341.78 million in 2011 to $165.83 million in 2013 and that its Net Income of $57.62 million in 2011 decreased to a Net Loss of $14.14 million in 2013.

According to the lawsuit, China Gerui Advanced Metals Group Ltd issued materially false and misleading financial information to investors.

On September 4, 2014, China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) disclosed that prior to June 30, 2014 it had spent $234 million to acquire an antique porcelain collection, which it valued at approximately $905 million.

However, the plaintiff claims that in the years and months leading up to this announcement, China Gerui Advanced Metals Group Ltd consistently described its growth strategy to involve an expansion and diversification of its product lines, identification of overseas markets, and business combinations with competitors.

Shares of China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) declined from under $0.90 per share in May 2014 to under $0.30 per share in late September 2014.

On November 7, 2014, China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) shares split 1:10.

On December 2, 2014, China Gerui Advanced Metals Group Ltd (NASDAQ: CHOP) shares closed at $2.17 per share or an equivalent of $0.21 per share prior to the split.