E-Commerce China Dangdang, Inc. is a business-to-consumer Internet retailer. The Company sells books and other media, beauty and personal care, clothing, and other items.

According to the Complaint, this action seeks damages for 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. Defendants filed a Motion to Dismiss the Complaint on March 15.

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.

On August 26, 2022, the Court of Appeals vacated the judgment of the District Court and remanded the matter for the District Court to consider Defendants? Motion to Dismiss for failure to state a claim.

On September 27, 2023, the Court issued an Order denying Defendants' Motion to Dismiss. The case was stayed pending the completion of arbitration.