September 4, 2013 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.
May 16, 2013 - The court preliminarily approved the settlement.

March 25, 2013 - Parties filed a stipulation of settlement.

July 2, 2012 - The lead plaintiff filed a second amended consolidated complaint.

June 13, 2012 - The court denied the defendants motions to dismiss without prejudice.

May 31, 2012 - Defendants filed motions to dismiss.

May 1, 2012 - The lead plaintiff filed an amended consolidated complaint.

April 11, 2012 - Lead counsels were appointed.

February 21, 2012 - Lead plaintiff was appointed and all cases were consolidated.

October 18, 2011 - Lead plaintiff motions were filed.

August 19, 2011 - An investor in American Depositary Shares (ADR) of SinoTech Energy Ltd (NASDAQ: CTE) filed a lawsuit in U.S. District Court for Southern District of New York against SinoTech Energy Ltd over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on behalf of investors who purchased the securities of SinoTech Energy Ltd (NASDAQ: CTE) during the period from November 3, 2010 through and including August 16, 2011, that SinoTech Energy Ltd, certain of its officers and directors, and underwriters of its initial public offering on November 3, 2010, violated the Securities Act of 1933 by making certain representations in SinoTech Energy Ltd’s Registration Statement and Prospectus issued in connection with on November 3 initial public offering that were materially inaccurate. Specifically, the Complaint alleges that SinoTech Energy Ltd’s reported sales and revenues were materially inaccurate, because the nature, size and scope of its business was materially exaggerated.

SinoTech Energy Ltd reported an increase in its 12months Total Revenue from $24.90million reported on Sept 30, 2007 to $45.31million reported on Sept. 30, 2010. Despite an increase in its 12months Net Income from $8.11million reported on Sept. 30, 07 to $14.53million reported on Sept. 30, 09, its Net Income fell to a Net Loss of $13.68million reported on Sept. 30, 2010.

American Depositary Shares of SinoTech Energy Ltd (NASDAQ: CTE) rose to as high as $8.69 on March 2011.

However NASDAQ: CTE stocks fell from over $4 on August 15, 2011 to a close of $2.35 per share on August 16, 2011 after a report was issued by a website raising a number of potential red flags of fraud at SinoTech Energy Ltd.

NASDAQ halted trading of SinoTech Energy Ltd (NASDAQ: CTE) stock.