VanceInfo (VIT) Shares Plunge as SEC Files Subpoena Against Auditor Deloitte Related to Longtop; ISS, ASIA Also React

September 8, 2011 3:11 PM EDT
A number of US-listed China-based companies have moved lower over the last hour of trade following reports the SEC filed a subpoena against Deloitte Touche Tohmatsu related to Longtop Financial (NYSE: LFT). Deloitte is VanceInfo's auditor.

Shares of iSoftStone (NYSE: ISS) and AsiaInfo-Linkage (Nasdaq: ASIA) have also seemed to move on the news.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Litigation