INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Sogou Inc. & Encourages Invest...
January 02 2019 - 10:10PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Sogou Inc. (“Sogou” or “the Company”) (NYSE: SOGO) for
violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities
and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Media outlets reported in June and July
2018 that the Chinese government initiated an investigation of
Sogou in June and July 2018. The investigation centered on charges
that Sogou did not delete content from its search engine that is
illegal under Chinese law. The Company reported that it had put
“remedial measures” in place as a result of the investigation on
July 30, 2018. These measures included suspending advertising on
its platform for a period of ten days. Based on this news, shares
of Sogou fell more than 7.5% on the same day.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20190102005676/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335424-303-1964info@schallfirm.comwww.schallfirm.com
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