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E-Commerce China Dangdang Inc.

Case Summary

E-Commerce China Dangdang Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 09/11/2020 (Other)

Filing Date: November 10, 2016

According to the Complaint, this action seeks damages breaches of fiduciary duties, violations of U.S. securities law and New York common law, and a quasi-appraisal due to misrepresentations and omissions in the Forms 13E-3 for the Merger.

On March 8, 2017, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiff filed an amended complaint on March 21, 2017.

On December 29, 2017, the Court granted Defendant's motion to dismiss for forum non conveniens. Lead Plaintiff filed a Notice appealing this decision on January 10, 2018. On April 12, 2019, the Court of Appeals vacated the decision of the District Court and remanded the case for further proceedings. Lead Plaintiffs filed an amended Complaint on September 12. Defendants filed a Motion to Dismiss the amended Complaint on October 7. On August 28, 2020, the Court issued an Order granting Defendants' Motion to Dismiss for forum non conveniens. Lead Plaintiffs filed a notice appealing the Court's Dismissal Order on September 11.

Company & Securities Information

Defendant: E-Commerce China Dangdang Inc.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: DANG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Joe Fasano, et al. v. E-Commerce China Dangdang Inc., et al.

COURT: S.D. New York
DOCKET #: 16-CV-08759
JUDGE: Hon. Katherine Polk Failla
DATE FILED: 11/10/2016
CLASS PERIOD START: 05/28/2016
CLASS PERIOD END: 09/20/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Sadis & Goldberg, LLP
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 11/10/2016
2 Order Appointing Lead Plaintiff, and Approving Selection of Counsel 03/08/2017
3 Opinion and Order 12/29/2017
4 Notice of Appeal 01/10/2018
5 U.S. District Court Civil Docket 04/12/2019
6 [Vacated and Remanded] 04/12/2019

Reference Complaint

Joe Fasano, et al. v. E-Commerce China Dangdang Inc., et al.

COURT: S.D. New York
DOCKET #: 16-CV-08759
JUDGE: Hon. Katherine Polk Failla
DATE FILED: 09/12/2019
CLASS PERIOD START: 03/09/2016
CLASS PERIOD END: 09/20/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Sadis & Goldberg, LLP
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint 09/12/2019
2 Scheduling Order 09/16/2019
3 Opinion and Order 08/28/2020
4 Judgment 08/28/2020
5 U.S. District Court Civil Docket 09/11/2020
6 Notice of Appeal 09/11/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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