Haina International Group and Castle Securities said they will withdraw an insider trading lawsuit as the two companies reach a settlement with multiple defendants. The two companies previously alleged that suspected insider traders cost them tens of millions of dollars. The two market makers revealed the plans Monday night in a letter to US District Judge Arun Subramanian in Manhattan. Subramanian is in charge of hearing the case. Haina International and Castle Securities said they will voluntarily withdraw the lawsuit while reserving the right to re-sue defendants who have not reached a settlement in the future.

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