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CYOU.US
id: 273
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
S.D. New York
Court
19 Feb 2020
Class period Start
23 Apr 2020
Class period End
23 Jan 2023
Claim deadline
In re Changyou.com Limited Sec. litigation.
"Changyou is an online game company primarily operating in China. It had two classes of stock, with Class A shares entitled to one vote per share, and Class B shares entitled to ten votes per share. In 2009, Changyou conducted a public offering of ADSs in the United States and each ADS represented two class A shares. Sohu.com Limited (“Sohu”) was Changyou’s controlling shareholder throughout the Class Period. In January 2020, Changyou, Sohu Game (a subsidiary of Sohu), and Changyou Merger Co. Limited, agreed to execute a going private transaction (the “Merger”). The transaction was structured as a “short form” merger, meaning that it did not require a vote of public shareholders. Through the transaction, Sohu would essentially buy each outstanding ADS for $10.80, resulting in Sohu owning the
Company. Lead Plaintiff alleges, among other things, that the Rule 13e-3 Transaction Statement filed with the U.S. Securities and Exchange Commission (“SEC”) and sent to ADS holders in connection with the transaction contained allegedly false and misleading statements regarding the unavailability of “dissenters’” or “appraisal” rights, and other potential rights, for dissenting shareholders in short-form mergers under the Cayman Islands Company Law and/or omitted material information rendering Defendants’ statements false and misleading. Lead Plaintiff alleges that during the Class Period, Defendants’ alleged wrongdoing artificially deflated the prices of Changyou ADSs, allegedly mislead sellers of Changyou ADSs concerning their rights and, as a result of their sales (including tendering) of Changyou ADSs, members of the class allegedly suffered damages under the federal securities laws."
Alleged Offence
Other
Suspected Party
Other
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Plaintiffs
ODS Capital LLC
Attorneys
Labaton Sucharow LLP
Judge
Hon. Kiyo A. Matsumoto
Administrator
Strategic Claims Services
Court hearing date
06 January 2023
Settlement conditions
All holders on 23.04.2020
+$1,075,000
Total Settlement Amount

Changyou.com Limited

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Cinema Advertising segments. It develops, ...

    Ticker
    CYOU.US
    CIK
    00001458696
    Sector
    Communication Services
    Industry
    Electronic Gaming & Multimedia
    Country
    USA
    Address
    Changyou Building, Beijing, China, 100043