Levi & Korsinsky, LLP announces the commencement of a class action in the United States District Court for the Southern District of California on behalf of shareholders of SouFun Holdings Ltd. (NYSE: SFUN) who purchased American Depositary Shares between May 20, 2015 and October 27, 2015.
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.
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