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BEIJING, March 8, 2012 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG - News) ("Yongye" or the "Company"), a leading developer, manufacturer, and distributor of crop nutrient products in the People's Republic of China ("PRC"), today announced that the previously announced class action lawsuit filed against the Company by Robbins Geller Rudman & Dowd LLP in the United States District Court Southern District of New York in May 2011 was voluntarily dismissed by the lead plaintiffs, with prejudice to themselves as named plaintiffs, on March 5, 2012.
Yongye did not incur any material legal fees, charges or costs related to this class action lawsuit or its voluntary dismissal.
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