Cases
Shanda Games Limited (Other: GAME)
Securities Class Action
Overview
Overview
- Date:
- 4/2/2018
- Company Name:
- Shanda Games Limited
- Stock Symbol:
- GAME
- Class Period:
- FROM 5/5/2015 TO 11/18/2015
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, April 2, 2018 – Bragar Eagel & Squire, P.C. announces to investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Shanda Games Limited (Other: GAME) securities between May 5, 2015 and November 18, 2015 (the “Class Period”). Investors have until May 21, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that Shanda issued materially false and misleading statements in Proxy Statements and other materials related to the proposed merger of Shanda with Capitalhold, thus inducing shareholders to sell their shares of Shanda common stock at artificially deflated prices or to refrain from exercising their appraisal rights.
If you purchased or otherwise acquired Shanda securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that Shanda issued materially false and misleading statements in Proxy Statements and other materials related to the proposed merger of Shanda with Capitalhold, thus inducing shareholders to sell their shares of Shanda common stock at artificially deflated prices or to refrain from exercising their appraisal rights.
If you purchased or otherwise acquired Shanda securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.