Sino Agro Food Inc (fka SIAF)

[RealDutch]

Interesting, here SAFI states that TRW is liable for not paying the stock dividend (if anyone). Not SAFI.

Plaintiffs allege that, in a Press Release, SAFI stated that TRW announced a share distribution, but that, several months later, the share distribution has not yet occurred. Compl. ¶37. Initially, as evidenced by the Press Release, SAFI did not make any such statement or announcement, but rather, it provided a link to an announcement by TRW concerning its distribution to shareholders of its Associated in Investment, SAFI. RJB Decl. Ex. 7. TRW, an independent, privately owned LLC made the statement concerning its share distribution – not SAFI. Id. Consequently, SAFI was not the maker of the statement and cannot be held liable for its contents under Section 10(b) or Rule 10b-5(b). SeeJanus Capital Group, Inc. v. First Derivative Traders, 564 U.S. 135, 142 (2011). The Complaint also does not allege how TRW’s statement was untrue or that SAFI had any understanding that TRW’s release contained any material untruths; consequently, it fails to assert an actionable misrepresentation against SAFI. SeeLorenzo v. SEC, U.S. , 139 S. Ct. 1094, 1104, 203 L.Ed. 484 (2019)

Edit - And something just occured to me. SAFI = Sino Agro Food Inc. Just like Capital Award Inc = CAI. IOW, they are not referring to the ticker...