E-Commerce China Dangdang Inc. Securities Litigation
On or around 04/12/2019 (Ongoing date of last review)
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.
Company & Securities Information
Defendant: E-Commerce China Dangdang Inc.
Industry: Computer Services
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.