Deals
Suing ‘Alfred Little’ Signals Chinese Attack on Shorts
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Deer Consumer Products Inc. and Sino Clean Energy Inc., U.S.-listed Chinese companies battered by fraud allegations in online reports, are blaming their big share slides on a blogger who uses the pseudonym Alfred Little.
The two firms have filed defamation lawsuits in New York against “Little” and websites that published his blogs. The cases are the most significant efforts by Chinese companies that trade on U.S. exchanges to fight back against bloggers and short sellers who have questioned their accounting practices.