Case Page

 

Case Status:    ONGOING    
On or around 06/01/2018 (Ongoing date of last review)

Filing Date: March 19, 2018

Shanda Games Limited ("Shanda") is an on-line game developer, operator and publisher. Shanda is a Cayman Islands corporation with its principle executive offices located in Shanghai, People’s Republic of China.

On April 3, 2015, Shanda announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Capitalhold, and Capitalcorp Limited, a corporation and wholly owned subsidiary of Capitalhold (“Capitalcorp”). Pursuant to the terms of the Merger Agreement, Capitalhold acquired Shanda through the merger of Capitalcorp with and into Shanda, with Shanda surviving as a wholly owned subsidiary of Capitalhold (the “Merger”).

The Complaint alleges that between May 5, 2015 and October 13, 2015, in order to convince Shanda stockholders to vote in favor of the Merger, Defendants authorized the filing of a materially false and misleading Proxy Statement on a Schedule 14A (the “Proxy Statement”) with the SEC, in violation of Sections 10(b), 14(a) and 20(a) of the Exchange Act.

On June 1, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel.

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: GAME
Company Market: NASDAQ
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.
COURT: S.D. New York
DOCKET #: 18-CV-02463
JUDGE: Hon. Andrew L. Carter, Jr
DATE FILED: 03/19/2018
CLASS PERIOD START: 05/05/2015
CLASS PERIOD END: 11/18/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky, LLP
    30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004
    212.363.7500 212.363-7171 ·
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