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http://www.reuters.com/article/2012/01/10/idUS10097+10-Jan-2012
Faruqi & Faruqi, LLP Announces Investigation of Perfect World Co., Ltd.
* Reuters is not responsible for the content in this press release.
Mon Jan 9, 2012 7:00pm EST
Faruqi & Faruqi, LLP Announces Investigation of Perfect World Co., Ltd.
Faruqi & Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at Perfect World Co., Ltd (“
Perfect World” or the “Company”) (Nasdaq: PWRD).
Request more information now by clicking here: www.faruqilaw.com/PWRD
On September 15, 2011, Perfect World announced that it had cut its quarterly
outlook by $8.5 million. On this unexpected news, Company shares plunged by
18 percent on extremely heavy trading volume. On November 22, Perfect World
shares dropped 14.4 percent after the Company released its quarterly
earnings report. Perfect World only reached the lower end of its revised
guidance, and was significantly outperformed by industry peers.
Then, on January 9, 2012, Perfect World shares plunged by 26.58 percent
after the popular Chinese internet forum Tianya Club published a story
alleging that the Company is under investigation by Chinese and U.S.
regulators. The investigation is said to focus on related party transactions
made by Company founder and CEO Chi Yufeng. Perfect World closed on January
9, 2012 at $8.81 compared to $22.64 a year prior.
Take Action
If you purchased Perfect World securities and would like to discuss your
legal rights, visit www.faruqilaw.com/PWRD. You can also contact us by
calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or
at 212-983-9330 or by sending an e-mail to r*******[email protected] or
f*********[email protected] Faruqi & Faruqi, LLP also encourages anyone with
information regarding Perfect World conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications will be
treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
r*******[email protected]
Francis McConville, Esq.
f*********[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
Faruqi & Faruqi, LLP Announces Investigation of Perfect World Co., Ltd.
* Reuters is not responsible for the content in this press release.
Mon Jan 9, 2012 7:00pm EST
Faruqi & Faruqi, LLP Announces Investigation of Perfect World Co., Ltd.
Faruqi & Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at Perfect World Co., Ltd (“
Perfect World” or the “Company”) (Nasdaq: PWRD).
Request more information now by clicking here: www.faruqilaw.com/PWRD
On September 15, 2011, Perfect World announced that it had cut its quarterly
outlook by $8.5 million. On this unexpected news, Company shares plunged by
18 percent on extremely heavy trading volume. On November 22, Perfect World
shares dropped 14.4 percent after the Company released its quarterly
earnings report. Perfect World only reached the lower end of its revised
guidance, and was significantly outperformed by industry peers.
Then, on January 9, 2012, Perfect World shares plunged by 26.58 percent
after the popular Chinese internet forum Tianya Club published a story
alleging that the Company is under investigation by Chinese and U.S.
regulators. The investigation is said to focus on related party transactions
made by Company founder and CEO Chi Yufeng. Perfect World closed on January
9, 2012 at $8.81 compared to $22.64 a year prior.
Take Action
If you purchased Perfect World securities and would like to discuss your
legal rights, visit www.faruqilaw.com/PWRD. You can also contact us by
calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or
at 212-983-9330 or by sending an e-mail to r*******[email protected] or
f*********[email protected] Faruqi & Faruqi, LLP also encourages anyone with
information regarding Perfect World conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications will be
treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
r*******[email protected]
Francis McConville, Esq.
f*********[email protected]
Telephone: (877) 247-4292 or (212) 983-9330