January 22, 2014 - The court ordered the authorization of the distribution of the net settlement fund.
April 29, 2013 - 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 16, 2012 - The court preliminarily approved the settlement.

October 4, 2012 - Parties filed a stipulation of settlement.

July 20, 2011 - The court denied the defendants motion to dismiss.

March 14, 2011 - The defendants filed a motion to dismiss.

January 28, 2011 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Orient Paper Inc (AMEX: ONP) common shares between March 27, 2009 and August 13, 2010. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between March 27, 2009 and August 13, 2010.

December 3, 2010 - The court granted the dismissal of an individual defendant.

November 18, 2010 - The lead plaintiffs and lead counsel were appointed.

October 18, 2010 - An additional lead plaintiff motion was filed.

October 5, 2010 - A lead plaintiff motion was filed.

August 6, 2010 - An investor in shares of Orient Paper Inc (AMEX: ONP) filed a lawsuit in U.S. District Court for the Central District of California on behalf of investors who purchased common stock of Orient Paper Inc during the period between March 27, 2009 and July 22, 2010, against Orient Paper Inc and others over alleged violations of Federal Securities Laws.

Orient Paper Inc is the holding company for Hebei Baoding Orient Paper Milling Company Limited (HBOP), a producer and distributor of paper products in China.

According to the complaint the plaintiff alleges that Orient Paper Inc and certain of its officers and directors misrepresented Orient Paper Inc’s financial performance, business prospects, and financial condition. The Complaint also names Roth Capital Partners LLP as a defendant because it underwrote a public offering for Orient Paper Inc on March 31, 2010. The Complaint asserts that ONP revenues were substantially overstated and that it exaggerated the extent of its business operations. Orient Paper Inc was able to triple its Total Revenue within the past three years. Orient Paper Inc reported in 2007 Total Revenue of $39.71 million, in 2008, $65.20 million, and in 2009, $102.14 million. Over the same time period its Net Income increased from $4.06 million in 2007, to $8.77 million in 2008, and $12.72 million in 2009.

On June 28, 2010, an entity calling itself Muddy Waters LLC released a report containing facts indicating that Orient Paper Inc had issued false financial statements and press releases. The report was followed by a series of back-and-forth accusations between Muddy Waters and Orient Paper Inc. Then, on July 16, 2010, Orient Paper Inc announced that it decided to retain a law firm and a “Big Four” audit firm to conduct an investigation into the issues raised by Muddy Waters LLC. As a result of these disclosures, and the lawsuit, Orient Paper Inc’s share price dropped substantially, damaging shareholders. Shares of Orient Paper Inc recently traded at $5.25 per share, down from its 52 week high of $15.15 per share.