NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of SouFun Holdings Limited (NYSE:SFUN) resulting from allegations that SouFun may have issued materially misleading business information to the investing public.
On October 27, 2015, a report was published asserting, among other things that: (1) Chinese media sources have been reporting widespread layoffs at Soufun as a result of “faked contracts” employees were involved in creating; (2) other media outlets report that Soufun may have had knowledge that these fake transactions were taking place; and (3) Soufun has not made any disclosures in the U.S. regarding these layoffs. On this news, shares of Soufun fell sharply during intraday trading on October 27, 2015, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by SouFun investors. If you purchased shares of SouFun on or before October 27, 2015, please visit the firm’s website at http://rosenlegal.com/cases-762.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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