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Case Details for "The9, Ltd"

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The9, Ltd named in securities class action lawsuit

A securities class action lawsuit has been filed on behalf of all persons or entities who purchased American Depositary Shares of The9, Ltd. ("The9" or the "Company")(Nasdaq:NCTY) between November 15, 2006 and July 15, 2009, inclusive (the "Class Period").

 

The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning The9's business, prospects and financial condition, thereby artificially inflating the price of the Company's securities.

No class has yet been certified in the above action.

 

All those who purchased American Depositary Shares of The9, Ltd. between November 15, 2006 and July 15, 2009

 

Posted on: 10/27/2009
Company/Organization: The9, Ltd
Scope: Nationwide
Affected Class: all persons or entities who purchased American Depositary Shares of The9, Ltd. between November 15, 2006 and July 15, 2009
Type of Case: Securities

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