The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or "the Company") QIHU for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who sold the Company's shares or ADSs between January 11, 2016 and July 15, 2016, inclusive (the "Class Period"), or held shares as of July 15, 2016, are encouraged to contact the firm before March 18, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Qihoo 360 misrepresented and omitted crucial information in its Proxy materials and Annual Reported necessary for investors to make an informed decision concerning whether to vote in favor of a merger whereby Qihoo 360 would be acquired in an all-cash, going private deal. The Company had plans in place before the merger to relist its shares on a Chinese exchange after delisting from the NYSE. Based on these facts, the Company's public statements, Proxy Materials, and Annual Report were false and misleading throughout the class period. When the market learned the truth about Qihoo 360, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190307005814/en/
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