Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of SouFun Holdings Ltd. Investors

LOS ANGELES--(BUSINESS WIRE)--

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") 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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