When announcing the postponement of the Q4 report, American law firm announced an investigation

"TechWeb Report" March 12 News, after Dangdang yesterday announced the postponement of the announcement of the fourth quarterly report scheduled for March 12, the company's share price suffered a slump, a 8% drop this morning, a US law firm subsequently announced the investigation Dangdang.

Beijing time last night, Dangdang said in a U.S. stock bulletin that, due to the "schedule" issue (scheduling issue), Dangdang will be 2014 fourth quarterly results release time rescheduled to later this month. Dangdang did not disclose in the statement the exact time of the reported earnings.
In the subsequent opening of the U.S. stock Exchange, Dangdang's share price suffered a sharp fall, the closing of the morning fell 8.33%, the conventional transaction size of 1.85 million shares, as of 6:44 this morning, after the plate continued to fall 0.49%.
Delays in the release of performance reports triggered a ripple effect, U.S. law firm Pomerantz legal firm Beijing time this morning around 6 o'clock issued a notice, announced the investigation Dangdang suspected irregularities.
For the reason of the investigation Dangdang, Pomerantz firm in the statement pointed to the "Delayed release performance report" and "stock price plunge" two events.
The firm said it would investigate dangdang companies and executives suspected of violating U.S. Securities Act tenth (b) and 20th (a) of 1934. (Xiao Feng)