This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:The Shuman Law Firm Announces the Filing of a Class Action Lawsuit Against The9, Ltd. 2009-10-30 13:24 ET - News Release BOULDER, Colo., Oct. 30, 2009 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of American Depositary Shares ("ADSs") (as evidenced by American Depositary Receipts ("ADRs")) of The9, Ltd. ("The9" or the "Company") (Nasdaq:NCTY) between November 15, 2006 and July 15, 2009, inclusive (the "Class Period"), against The9 and certain of the officers and/or directors of The9 for violations of the Securities Exchange Act of 1934 (the "Exchange Act").
If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The complaint charges The9 and certain directors and officers of The9 with violations of the Exchange Act. The9 is an online game operator and developer in China. According to the complaint, during the Class Period, the Company, directly and through its affiliates and/or subsidiaries, operated licensed massive multiplayer online role-playing games ("MMORPGs") and advanced casual games in China, including World of Warcraft ("WoW"), Soul of The Ultimate Nation, Granado Espada, EA SPORTS FIFA Online 2, and Atlantica. It also operated other licensed games in mainland China, including Audition 2 and Field of Honor.
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