An investigation for investors in Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares over potential securities laws violations by Qihoo 360 Technology Co Ltd was announced and NYSE:QIHU stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/13/2015 -- An investigation on behalf of investors of Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares over potential securities laws violations by Qihoo 360 Technology Co and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Qihoo 360 Technology Co Ltd (NYSE:QIHU) concerning whether a series of statements by Qihoo 360 Technology Co regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) grew from $14.80 per share in August 2012 to $109.62 per share in February 2014.
Qihoo 360 Technology Co Ltd reported that its annual Total Revenue rose from $671.09 million in 2013 to over $1.39 billion in 2014 and that its respective Net Income increased from $99.65 million to $222.77 million.
On April 30, 2015, three security testing bodies, AV-Comparatives, AV?TEST and Virus Bulletin, released a joint statement announcing the censure of security vendor Qihoo 360 Technology Co Ltd They will revoke all certifications and rankings awarded to Qihoo 360's products this year after finding that the company submitted "products for comparative and certification testing which behaved significantly differently from those made available to its users and customers."
Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) declined to as low as $53.25 per share on May 6, 2015.
On May 11, 2015, NYSE:QIHU shares closed at $58.76 per share.
Those who purchased shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com