March 31, 2015 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
November 13, 2014 - The court preliminarily approved the settlement.

April 28, 2014 - Parties filed a stipulation of settlement.

April 15, 2013 - The plaintiffs filed a second amended complaint.

March 12, 2013 - The court granted the defendants' motions to dismiss and granted plaintiffs leave to file an amended complaint.

May 31, 2012 - The defendants filed motions to dismiss.

March 27, 2012 - Plaintiffs filed a corrected consolidated amended complaint.

January 6, 2012 - The plaintiff that filed the complaint on March 29, 2011 filed a notice of voluntary dismissal without prejudice.

July 7, 2011 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

May 31, 2011 - Lead plaintiff motions were filed.

April 12, 2011 - Another investor filed a complaint in the U.S. District Court for the Southern District of New York.

March 29, 2011 - An investor in shares of NIVS IntelliMedia Technology Group Inc (NYSE: NIV now trading on the OTC sheets as NIVS) filed a lawsuit in the U.S. District Court for the Central District of California against NIVS IntelliMedia Technology Group Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on behalf of investors who purchased NIVS IntelliMedia Technology Group Inc (NYSE: NIV) stock between March 24, 2010 and March 25, 2011, that NIVS IntelliMedia Technology Group Inc failed to properly account for certain transactions in accordance with Generally Accepted Accounting Principles (“GAAP”). According to the lawsuit, NIVS IntelliMedia Technology Group Inc’s failure to comply with GAAP resulted in it issuing materially false and misleading financial results between March 24, 2010 and March 25, 2011.

NIVS IntelliMedia Technology Group Inc’s 12months Total Revenue increased from $37.79million in 2006 to $185.48million in 2009. Its Net Income rose over the same time frame from $5.20million to $23.46million. For the first three quarters in 2010 NIVS IntelliMedia Technology Group Inc reported a combined nine months Total Revenue of $236.31million with a combined nine months Net Income of $17.88million.

Shares of NIVS IntelliMedia Technology Group Inc (NYSE: NIV) traded during 2010 as high as $3.92 per share and traded in February 2011 as high as $2.92 per share.

Then on March 25, 2011, NIVS IntelliMedia Technology Group Inc announced that on March 23, 2011, Malone Bailey LLP provided a letter to the Audit Committee of NIVS IntelliMedia Technology Group Inc, advising that it had encountered issues and concerns that, in Malone Bailey LLP’s view, required additional information and procedures, including the initiation of an independent investigation, in order to verify the accuracy of certain transactions and balances recorded on the Company’s financial statements and records for the year ended December 31, 2010.

NIVS IntelliMedia Technology Group Inc said in its letter of resignation, Malone Bailey LLP based its resignation on what it characterized illegal acts involving the Company’s accounting records and bank statements and discrepancies in accounts receivable. Malone Bailey further advised the Company that, as a result of the issues identified in performing its audit of the Company’s financial statements for the fiscal year ended December 31, 2010, it is unable to rely on management’s representations as they relate to previously issued financial statements and it could no longer support its audit opinion dated March 24, 2010, related to its audit of the consolidated financial statements of the Company and its subsidiaries as of December 31, 2009, included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2009.

Since March 24, 2011 trading in NIVS IntelliMedia Technology Group Inc's stock has been halted.

On March 28, 2011 NIVS IntelliMedia Technology Group Inc announced that after consultation with legal counsel and the members of the audit committee, the Board of Directors has established a special independent committee to investigate the allegations and that NIVS IntelliMedia Technology Group Inc is delaying the filing of its Form 10-K for the year ended December 31, 2010.