Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against SouFun Holdings Limited (SFUN)
2015年10月31日 - 8:30AM
Gainey McKenna & Egleston announces that a class action lawsuit
has been filed in the United States District Court for the Central
District of California on behalf of all persons who purchased or
otherwise acquired the American Depositary Shares of SouFun
Holdings Limited (“SouFun”) (NYSE:SFUN) between May 20, 2015
through October 27, 2015 (the “Class Period”), alleging violations
of the Securities Exchange Act of 1934 against the Company and
certain of its officers (the “Complaint”).
The Complaint alleges that Defendants issued
materially false and misleading statements to investors and/or
failed to disclose that: (1) SouFun employees routinely created
“fake contracts”; (2) Defendants were aware that SouFun employees
routinely created “fake contracts”; and (3) as a result, the
Company’s public statements were materially false and misleading
and/or lacked a reasonable basis at all relevant times. When
the true details entered the market, the Complaint claims that
investors suffered damages.
If you wish to serve as lead plaintiff, you must
move the Court no later than December 29,
2015. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, or to discuss
your rights or interests regarding this class action, please
contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of
Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
tjmckenna@gme-law.com or gegleston@gme-law.com.
This may be considered attorney advertising in
some jurisdictions and prior results do not guarantee a similar
outcome with respect to any future matter.
Please visit our website at
http://www.gme-law.com for more information about the firm.
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