BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Shanda Games Limited (“Shanda” or the “Company”) (Formerly listed NASDAQ: GAME) securities between May 5, 2015 and November 18, 2015, inclusive (the “Class Period”). Atlas investors have May 21, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Shanda investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
On May 5, 2015, Shanda filed its initial Proxy Statement with the SEC in connection with the merger of Shanda and Capitalhold Limited (the “Merger”), and filed amendments to the Proxy Statement through October 13, 2015. The Proxy Statement solicited the Company’s stockholders to vote in favor of the Merger. Defendants were obligated to carefully review the Proxy Statement before it was filed with the SEC and disseminated to the Company’s shareholders to ensure that it did not contain any material misrepresentations or omissions. However, the complaint filed in this class action alleges that the Proxy Statement misrepresented and/or omitted material information that was necessary for the Company’s stockholders to make an informed decision concerning whether to vote in favor of the Merger and/or seek appraisal rights, as well as information necessary to determine the true value of Shanda common stock, in violation of Sections 10(b), 14(a) and 20(a) of the Exchange Act. The complaint further alleges that Shanda’s actions injured shareholders.
If you purchased shares of Shanda, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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