Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Fang Holdings Limited (NYSE: SFUN) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Fang Holdings Limited (NYSE: SFUN) concerning whether a series of statements by Fang Holdings Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 29, 2017, a report released by Bloomberg News revealed that Beijing City’s housing commission canceled the brokerage license of a unit of Fang Holdings because the unit posted fake online information for property sales.
Following this news, NYSE: SFUN fell during intraday trading on March 29, 2017.
Based in Beijing, China, and founded in 1999 Fang Holdings Limited operates a real estate online platform through which it provides e-commerce, marketing, listing, financial, and value-added services.
If you purchased shares of Fang Holdings Limited (NYSE: SFUN) on or before March 29, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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