EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Sogou Inc. – SOGO
NEW YORK--(BUSINESS WIRE)--Dec 18, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Sogou Inc. (NYSE:SOGO) resulting from allegations that Sogou may have issued materially misleading business information to the investing public.
On or around November 9, 2017, Sogou commenced its initial public offering (“IPO”). In June and July 2018, media sources reported that Chinese authorities were investigating Sogou concerning allegations that Sogou had failed to remove illegal content from its search engine. On July 30, 2018, Sogou reported that it had implemented “remedial measures,” including a ten-day suspension of part of its advertising business, as a result of the investigation. On this news, Sogou’s stock fell $0.78 or 7.55% to close at $9.55 on July 30, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Sogou investors. If you purchased shares of Sogou please visit the firm’s website at https://www.rosenlegal.com/cases-1472.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 12/18/2018 12:38 PM/DISC: 12/18/2018 12:38 PM