September 9, 2015 - The court ordered the authorization of the distribution of the net settlement fund.
September 30, 2014 - The court approved the settlement.

September 4, 2014 - The court held a final settlement hearing.

May 1, 2014 - The court preliminarily approved the settlement.

April 30, 2014 - Parties filed a stipulation of settlement.

October 21, 2013 - The court granted in part and denied in part the defendants' motions to dismiss.

December 3, 2012 - Defendants filed motions to dismiss.

September 26, 2012 - The lead plaintiff filed another amended consolidated complaint on behalf of investors who purchased China Valves Technology Inc (NASDAQ: CVVT) common shares between December 1, 2009 and January 13, 2011. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between December 1, 2009 and January 13, 2011.

September 12, 2012 - The court granted defendants' motions to dismiss without prejudice to the filing of an amended consolidated complaint.

November 21, 2011 - Defendants filed motions to dismiss.

August 29, 2011 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased China Valves Technology Inc (NASDAQ: CVVT) common shares between December 1, 2009 and January 13, 2011. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between December 1, 2009 and January 13, 2011.

June 29, 2011 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

April 5, 2011 - Lead plaintiff motions were filed.

February 4, 2011 - An investor in shares of China Valves Technology Inc (NASDAQ: CVVT) filed a lawsuit in the U.S. District Court for Southern District of New York against China Valves Technology Inc for allegedly violating Federal Securities Laws in connection with certain false and misleading statements made between January 12, 2010 and January 13, 2011.

According to the securities class action complaint the plaintiff alleges on behalf of investors who purchased the common stock of China Valves Technology Inc (NASDAQ: CVVT) during the period from January 12, 2010 through January 13, 2011, that China Valves Technology Inc and its officers and directors violated the Securities Exchange Act of 1934 by misrepresenting the nature, circumstances, and related party nature of China Valves Technology Inc’s acquisitions of Able Delight (Changsha) Valve Co. and Shanghai Pudong Hanwei Valve Co., Ltd. The plaintiff claims that defendants concealed that both acquisitions involved payments to entities or persons that were related to management in violation of generally accepted accounting principles and SEC rules.

Furthermore the plaintiff also alleges that Defendants materially overstated the financial condition and business prospects of the acquired companies. China Valves Technology Inc reported an increase in its 12 months Total Revenue from $25.53 million in 2006 to $95.37 million in 2009. It reported an increased Net Income from $4.68 million in 2006 to $23.35 million in 2009. For the first three quarters in 2010 China Valves Technology Inc reported a combined nine months Total Revenue of $131.37 million, thus a combined nine months Total Revenue for 2010 that by far exceeds its 12 months Total Revenue of 2009. China Valves Technology Inc reported for the first three quarters in 2010 a combined nine months Net Income of $36.80, thus also exceeding its 12 months 2009 Net income with nine months Net Income in 2010.

Shares of China Valves Technology Inc (NASDAQ: CVVT) rose from $8.30 per share in November 2009 to $13.60 per CVVT shares in March 2010. Then December 16, 2010 China Valves Technology Inc announced a New CFO. Shares of CVVT decreased from $10.48 on December 31, 2010 to as low as $6.87 per share on January 14, 2011.