EQUITY ALERT: Levi & Korsinsky, LLP Reminds Investors of a Lawsuit Against Changyou.com Limited and Its Acquirer Sohu.com Limited
New York, New York--(Newsfile Corp. - January 25, 2021) - Levi & Korsinsky notifies investors hat a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of all persons and entities that either held publicly-traded Changyou.com Limited (NYSE: CYOU) ("Changyou") American Depository Shares on April 23, 2020 or sold such shares during the period between February 14, 2020 and April 23, 2020.
According to the filed complaint, documentation filed jointly by Changyou and its acquirer, Sohu.com Limited (NASDAQ: SOHU) is false and misleading because it did not support its disclosed legal conclusions and 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.
To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72778