June 2, 2016 - The court approved the settlement and the plan of allocation, and entered the order approving the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.
February 10, 2016 - The court preliminarily approved the settlement.

January 28, 2016 - Parties filed a stipulation of settlement.

April 9, 2013 - The court issued an order administratively closing the case.

April 1, 2013 - The defendants filed a notice of Involuntary Petition for Relief Under Chapter 11 of the Bankruptcy Code and Applicability of the Automatic Stay Under 11 U.S.C. Section 362.

September 25, 2012 - The defendants filed a motion to dismiss.

July 27, 2012 - The lead plaintiff filed a second amended complaint.

July 6, 2012- The court granted the defendants' motion to dismiss.

December 12, 2011 - The defendants filed a motion to dismiss.

October 11, 2011 - The lead plaintiff filed an amended complaint on behalf of investors who purchased China Natural Gas Inc (NASDAQ: CHNG) common shares between March 10, 2010 and September 21, 2011. 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 (here the new class period March 10, 2010 and September 21, 2011.

August 12, 2011 - The lead plaintiff and lead counsel were appointed.

October 25, 2010 - Lead plaintiff motions were filed.

August 26, 2010 - An investor in shares of China Natural Gas Inc (NASDAQ: CHNG) filed a lawsuit in U.S. District Court for the District of Delaware against China Natural Gas Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between March 10, 2010 and August 19, 2010.

China based China Natural Gas Inc is an integrated natural gas operator in The Peoples’ Republic of China, primarily involved in the distribution of compressed natural gas through its variable interest entity-owned CNG fueling stations. According to the complaint the plaintiff alleges on behalf of all purchasers of the common stock of China Natural Gas during the period from March 10, 2010 through August 19, 2010 that China Natural Gas Inc and its officers and directors violated the Securities Exchange Act of 1934 by issuing false and misleading public statements in its Annual Report for the year ended December 31, 2009 and its Quarterly Report for the quarter ended March 31, 2010, specifically that the defendants concealed the existence of a $17.7 million loan liability on its balance sheet, understated restricted cash by $17.7 million, improperly accounted for $45.6 million in senior notes as short term liabilities, rather than long term, and failed to disclose that it is in default under the senior note indenture. China Natural Gas Inc total revenue increased by more than 300% within the past four years.

In 2006 China Natural Gas Inc reported Total Revenue of $18.83million and in 2009 Total Revenue of $81.07million. Its Net Income increased from $5.45million in 2006 to $18.83million in 2009. China Natural Gas Inc's stock (NASDAQ: CHNG) traded as high as $14.81 per share in October 2009 but decreased since then in value. The plaintiff claims that as a result of defendants' false statements about China Natural Gas Inc's financial condition, its stock traded at inflated prices - as high as $10.78 per share – between March 10, 2010 and August 19, 2010. On August 02, 2010 China Natural Gas Inc's stock traded at almost 50% of the October 2009 value at $7.75 per share, and then fell to $6.50 per share after China Natural Gas Inc announced on August 09, 2010 that it would reschedule its 10-Q quarterly earnings release.

On August 13, 2010, after the close of the market, China Natural Gas Inc announced that it would be amending its annual and quarterly reports. China Natural Gas Inc announced at that time the existence of the $17.7 million loan liability, the default under the indenture and that it would restate its financial statements to properly account for these matters. Then on August 19, 2010, China Natural Gas Inc filed a Form 8-K in which it announced that its prior financial statements should not be relied upon. As a result, so the lawsuit, China Natural Gas' stock price dropped substantially, causing stockholders to suffer losses in their investments. From August 13, 2010 to August 25, 2010 CHNG shares fell from $6.64 to $5.18 per share and shares of China Natural Gas, Inc. (NASDAQ: CHNG) recently traded at $5.00 per share.