Soufun Holdings Limited ("Soufun" or the Company), through its subsidiaries, is a real estate Internet portal and home furnishing and improvement website in China.

According to the law firm press release, the lawsuit alleges that throughout the Class Period, Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) SouFun employees routinely created “fake contracts”; (2) Defendants were aware that SouFun employees routinely created “fake contracts”; and (3) as a result, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Plaintiffs filed an amended Complaint on March 25, 2016.

On October 18, 2016, the Court issued an Order granting Defendants' motion to dismiss. Plaintiffs were given 14 days to amend their Complaint.

This case was voluntarily dismissed with prejudice on October 27, 2016.