Changyou.Com Limited. The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of investors who purchased Changyou.Com Limited (NYSE: SOHU) securities between February 14, 2020 and April 23, 2020.
According to the Changyou.Com lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: 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.
If you suffered a loss in Changyou.Com you have until February 8, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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