Sadis & Goldberg LLP Retained by Client to Investigate Unfair Merger Price and Possible Legal Violations at Dangdang Inc.

NEW YORK, Sept. 6, 2016 /PRNewswire/ -- Sadis & Goldberg LLP has been retained by a client to investigate potential breaches of fiduciary duties and an unfair price offered by CEO Guoqing Li and Chairwoman Peggy Yu in a management going-private merger to acquire Dangdang Inc. (ADR ticker "DANG").  The investigation focuses on allegations that Mr. Li and Ms. Yu engaged in unfair dealing and are offering an unfair price in their proposed management, going-private acquisition of Dangdang, which is set for a shareholder vote on September 12, 2016.

Sadis & Goldberg and its client are exploring an appraisal action pursuant to which its client has dissented from the transaction.  They are also investigating potential claims for breaches of fiduciary duties in connection with the proposed management buyout.  Sadis & Goldberg has experience handling appraisal rights actions, including obtaining a significant premium over the merger price at trial.

If you are an investor in Dangdang, Inc. or have otherwise invested, and wish to obtain additional information and protect your investment, please contact Samuel J. Lieberman of Sadis & Goldberg at (212) 573-8164 or by email at [email protected]. Importantly, if you seek to explore an appraisal rights action, please be sure to vote against the transaction and notify the company that you seek to exercise your appraisal rights.  We can help you exercise those rights as required by law.   

About Sadis & Goldberg LLP

Sadis & Goldberg LLP is a leading New York based law firm focused on delivering sophisticated and creative legal solutions in a highly professional manner. The firm is recognized for its financial services practice that consists of representing several hundred investment advisers and related investment entities (including hedge funds, private equity funds and venture capital funds). Similarly, the firm provides regulatory and compliance advice and representation in connection with SEC enforcement proceedings.  Notwithstanding the emphasis on the financial services industry, the firm also provides a full range of tax, litigation, regulatory, real estate, intellectual property and corporate services to its clients. 

Sadis & Goldberg LLP

551 Fifth Avenue, 21st Floor

New York, NY  10176

212.947.3793

SOURCE Sadis & Goldberg LLP

Related Links

http://www.sglawyers.com