The U.S. Court of Appeals for the Second Circuit in the Southern District of New York. Photo: Ryland West/ALM 2nd Circuit Revives Suit Over $9.3B Take-Private Deal, Backdoor Listing of Chinese Tech Firm
Investors claimed in the lawsuit that the buyer group planned all along to relist Qihoo in China, and that the financial projections the company provided to its buyers differed from those included in its proxy materials, causing them to sell their shares at "artificially deflated" prices.
November 24, 2021 at 02:38 PM
3 minute read
Technology Media and Telecom
The U.S. Court of Appeals for the Second Circuit on Wednesday revived a securities class action accusing Chinese internet firm Qihoo 360 Technology of concealing its plans for a backdoor listing that took the company public following a 2016 merger.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
