|Company Name||Changyou.com Limited|
|Class Period||February 4, 2020 to April 23, 2020|
|Motion Deadline||February 8, 2021|
The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors against Changyou.com Limited (NYSE: CYOU) as well as its acquirer Sohu.com Limited (NASDAQ: SOHU). All former owners of Changyou stock and American Depositary Shares (“ADSs”) who sold shares, and were damaged thereby, during the period between February 14, 2020 and April 23, 2020 may contact the Thornton Law Firm to obtain a copy of the complaint or to discuss the lead plaintiff process. Interested investors are encouraged to submit their information above. Investors may email firstname.lastname@example.org or call 617-531-3917. Interested Changyou investors have until February 8, 2021 to apply to be a lead plaintiff.
The case alleges that on February 14, 2020, Changyou, Sohu.com Limited, Sohu.com (Game) Limited, and Changyou Merger Co. Limited jointly filed a Rule 13E-3 Transaction Statement that contained false and misleading information regarding the existence of dissenters’ rights (also known as appraisal rights) pursuant to Cayman Islands law.
The lawsuit alleges violations of the federal securities laws. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor’s share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Changyou investors have until February 8, 2021 to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
A class action lawsuit has been filed on behalf of investors in Changyou.com Limited (CYOU) securities.
Please use the form below to provide transaction information.