Wait no more, $.30 annual dividends are around the corner:
January 17, 2017
The Honorable Richard M. Berman
United States District Court for the Southern District of New York
Daniel Patrick Moynihan Courthouse
500 Pearl Street
New York, NY 10007
Re: In re Longwei Petroleum Investment Holding Limited Securities Litigation
(No. 13-cv-00214-RMB)
Dear Judge Berman:
The parties write to provide the good news that The People’s Insurance Company of
China (“PICC”) has confirmed approval by the Claims Department of its Head Office to funding
the remaining $520,000 amount of the $1,340,000 settlement agreed to by the parties to this
litigation. Specifically, this confirmation was received in written correspondence from PICC to
defense counsel. PICC’s representative with respect to this claim, Mr. Chen Heng, has requested
that PICC be permitted until January 27, 2017 to complete the transfer of funds into the
Settlement Account. Mr. Heng also represented that he would try to expedite payment, if
possible.
The parties join in PICC’s request that it be permitted until January 27, 2017 to complete
funding of the Settlement Amount. It is the view of the parties that settlement of this action, in
the amount previously negotiated and agreed to is in the best interest of all involved including,
most importantly, the plaintiff settlement class.
We appreciate the Court’s consideration of this request and its patience as we work to
achieve full funding of the settlement.
Very truly yours,
/s/ Steven S. Kaufhold /s/ Stuart J. Guber
Steven S. Kaufhold, Kaufhold Gaskin LLP Stuart J. Guber, Faruqi & Faruqi LLP
Cc: All Counsel (via ECF only)
Case 1:13-cv-00214-RMB-RLE Document 319 Filed 01/17/17 Page 1 of 1
News 
Market Data 
Discover 
