NEW YORK, Dec. 18, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired American Depositary Shares of SouFun Holdings Ltd. (“SouFun Holdings”) (NYSE:SFUN) between May 20, 2015 and October 27, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of California. If you purchased or otherwise acquired SouFun Holdings ADSs between May 20, 2015 and October 27, 2015, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period, Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) SouFun Holdings employees routinely created “fake contracts”; (2) Defendants were aware that SouFun employees routinely created “fake contracts”; and (3) 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 suffered a loss in SouFun Holdings you have until December 29, 2015 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
Source:Levi & Korsinsky, LLP