NEW YORK, March 29, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fang Holdings Limited ("Fang" or the "Company") (NYSE: SFUN). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Fang and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 29, 2017, Bloomberg News reported that Beijing City's housing commission canceled the brokerage license of a unit of Fang Holdings, stating that the unit had posted false information online in connection with property sales.
On this news, Fang Holding's American Depositary Receipt price has fallen as much as $0.31, or 11.19%, during intraday trading on March 29, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP