Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Changyou.Com Limited (NYSE: SOHU) securities.
If you suffered a loss on your Changyou.Com investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: Feb 14 2020 - Apr 23 2020
CASE DETAILS:
According to the filed complaint, documentation filed jointly by Changyou and its acquirer, Sohu.com Limited (NASDAQ: SOHU) (“Sohu”) was false and misleading because it did not support the disclosed legal conclusions and it is at odds with the text of the relevant Cayman Islands statute regarding appraisal rights. Moreover, the Company failed to disclose other rights that may be available to Changyou shareholders under Cayman Islands law, in clear violation of the federal securities laws.
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