Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of SouFun Holdings Ltd. Investors
2015年11月10日 - 3:39AM
ビジネスワイヤ(英語)
Glancy Prongay & Murray LLP (“GPM”) announces the filing of
a class action lawsuit on behalf of investors of SouFun Holdings
Ltd. (“SouFun” or the “Company”) (NYSE: SFUN) who purchased shares
between May 20, 2015 and October 27, 2015, inclusive (the “Class
Period”) and have been damaged by the recent declines in the
Company’s stock price. SouFun investors have until December
29, 2015 to file a lead plaintiff motion.
On October 27, 2015, Seeking Alpha published a report disclosing
that (1) widespread layoffs at SouFun being reported in China have
reportedly come as a result of “faked contracts” employees were
involved in creating; (2) other outlets report that SouFun may have
had knowledge that these fake transactions were taking place; and
(3) SouFun has not made any disclosures in the U.S. regarding these
layoffs and owes investors and regulators some answers. On this
news, shares of SouFun fell during intraday trading on October 27,
2015, thereby injuring investors.
The complaint alleges that SouFun employees routinely created
"fake contracts"; the Company was aware that SouFun employees
routinely created "fake contracts"; and, as a result, the Company's
public statements were materially false and misleading and/or
lacked a reasonable basis at all relevant times.
If you purchased SouFun securities during the Class Period, have
information or would like to learn more about these claims, or have
any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://www.glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151109006382/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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