LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of SouFun Holdings Ltd. (“SouFun” or the “Company”) (NYSE: SFUN) concerning the Company’s and its officers’ possible violations of federal securities laws relating to recent news reports alleging the Company has engaged in inappropriate financial transactions.
On October 27, 2015, Seeking Alpha published a report disclosing that (1) widespread layoffs at SouFun being reported in China have reportedly come as a result of “faked contracts” employees were involved in creating; (2) other 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 and owes investors and regulators some answers.
On this news, shares of SouFun fell during intraday trading on October 27, 2015, thereby injuring investors.
If you purchased SouFun securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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