NEW YORK, Sept. 6, 2016 /PRNewswire/ -- Sadis &
Goldberg LLP has been retained by a client to investigate potential
breaches of fiduciary duties and an unfair price offered by CEO
Guoqing Li and Chairwoman
Peggy Yu in a management
going-private merger to acquire Dangdang Inc. (ADR ticker
"DANG"). The investigation focuses on allegations that Mr. Li
and Ms. Yu engaged in unfair dealing and are offering an unfair
price in their proposed management, going-private acquisition of
Dangdang, which is set for a shareholder vote on September 12, 2016.
Sadis & Goldberg and its client are exploring an appraisal
action pursuant to which its client has dissented from the
transaction. They are also investigating potential claims for
breaches of fiduciary duties in connection with the proposed
management buyout. Sadis & Goldberg has experience
handling appraisal rights actions, including obtaining a
significant premium over the merger price at trial.
If you are an investor in Dangdang, Inc. or have otherwise
invested, and wish to obtain additional information and protect
your investment, please contact Samuel J.
Lieberman of Sadis & Goldberg at (212) 573-8164 or by
email at slieberman@sglawyers.com. Importantly, if you seek to
explore an appraisal rights action, please be sure to vote against
the transaction and notify the company that you seek to exercise
your appraisal rights. We can help you exercise those rights
as required by law.
About Sadis & Goldberg LLP
Sadis & Goldberg LLP is a leading New York based law firm focused on delivering
sophisticated and creative legal solutions in a highly professional
manner. The firm is recognized for its financial services practice
that consists of representing several hundred investment advisers
and related investment entities (including hedge funds, private
equity funds and venture capital funds). Similarly, the firm
provides regulatory and compliance advice and representation in
connection with SEC enforcement proceedings. Notwithstanding
the emphasis on the financial services industry, the firm also
provides a full range of tax, litigation, regulatory, real estate,
intellectual property and corporate services to its
clients.
Sadis & Goldberg LLP
551 Fifth Avenue, 21st Floor
New York,
NY 10176
212.947.3793
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SOURCE Sadis & Goldberg LLP