Science & Technology
Wed, January 11, 2012
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Perfect World Co., Ltd. (aPerfect Worlda or the aCompanya) (NASDAQ: PWRD) concerning possible violations of the federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding Perfect Worldas business, operations and financial condition were false and misleading.
Perfect World, through its subsidiaries, operates as an online game developer and operator in China, the United States, Japan and Southeast Asia. Specifically, the investigation relates to recent allegations posted on an Internet forumallegingthat the Company is under investigation by both Chinese and U.S. regulators due to possible related-party transactions between Perfect Worldand the Companyas chief executive officer. On this news, the Companyas shares declined $3.19 per share, more than 26%, to close on January 9, 2012, at $8.81 per share on heavy trading volume.
If you purchased Perfect World securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ www.howardsmithlaw.com ].
