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E-Commerce China Dangdang Inc.

Case Summary

E-Commerce China Dangdang Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
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.

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
    551 Fifth Avenue, 21st Floor, Sadis & Goldberg, LLP, NY 10176
    212.573.6660 212-573-6661 ·
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

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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