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Qihoo 360 Technology (QIHU)

NYSE:QIHU

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Qihoo 360 Technology To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Qihoo 360 Technology (“Qihoo” or the “Company”) (NYSE:QIHU) of the March 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Qihoo stock or options between January 11, 2016 and July 15, 2016 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Qihoo American Depository Shares (“ADSs”) between January 11, 2016 and July 15, 2016 (the “Class Period”).  The case, ODS Capital LLC v. Qihoo 360 Technology Co. Ltd. et al, No. 19-cv-00501 was filed on January 17, 2019, and has been assigned to Judge Paul A. Engelmayer.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose: (1) that the Company’s Proxy materials and Annual Report misrepresented and/or omitted material information that was necessary for Company shareholders to make an informed decision concerning whether to vote in favor of the Merger; (2) that contrary to the representations in the Proxy and the Annual Report, the Company already had plans to relist its shares in China prior to closing the Merger and its delisting from the NYSE; and (3) as a result, the Company’s statements about its business, operations, and prospects lacked a reasonable basis.

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  • Case:
    Qihoo 360 Technology (QIHU)
  •    

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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/23/2019

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