Click to view Levi & Korsinsky, LLP's complaint
Levi & Korsinsky announces it filed a complaint on behalf of former Shanda Games Limited shareholders who held shares on November 18, 2015 or sold such shares between May 5, 2015 and November 18, 2015.
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 wish to serve as lead plaintiff, you must move the Court no later than May 21, 2018. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.