NINETOWNS formal negotiations with the Blizzard ha

U.S. Eastern Standard Time at 14:23 on October 23 (Beijing time at 2:23 on October 24, according to foreign media reports, Izard Nobel LLP law firm, announced today that the firm has been the representative of November 15, 2006 to 2009 years between the July 15 (hereinafter referred to as the "Class Period"), bought Ninetowns (Nasdaq: NCTY) American Depositary (ADS) of the investors, to southern New York state filed a federal court against the nine City class action lawsuits.

Izard Nobel LLP alleges that NINETOWNS and some of its executives and directors violated federal securities laws. Lawsuit further alleges that the defendant did not disclose the following information: 1) NINETOWNS with Blizzard renew "World of Warcraft," the possibility of agency contracts becoming less and less; 2) NINETOWNS not even on the contract issue with the Blizzard formal negotiations; 3 ) NINETOWNS and heavy snow in the former operations in China, "World of Warcraft" issue has generated disagreement; 3) EA right NINETOWNS equity investment made more impossible with the NINETOWNS renew Blizzard "World of Warcraft" agent contract, the reasons for Blizzard will not be one of its major competitors to cooperate.cheap wow gold

July 15, 2009, NINETOWNS its 2008 fiscal year net profit of 36.9 million U.S. dollars lower than the 2009 monthly report, said two of the 51.1 million U.S. dollars in fiscal year net profit fell 72%. In addition, NINETOWNS also recognized that, as previously notified investors will not renew "World of Warcraft" agent contract, the company did not have even renewed talks with Blizzard. Affected by this news, NINETOWNS fell 18% to 8.34 U.S. dollars.

Izard Nobel LLP, said, with the identity of the plaintiff class-action lawsuit NINETOWNS investors in the December 21, 2009 prior to the New York federal court for the southern region as "lead plaintiff" (Lead Plaintiff).

Previously, the U.S. shareholders NINETOWNS Lawrence Glaser (Lawrence Glaser) and the United States Kendall Law Group LLP has more than the company and its executives filed a class action, the former alleged disclosure of information is incomplete or the disclosure of false information, wow gold Shareholders NINETOWNS buy high-priced stocks; the latter accusing the NINETOWNS and some of its executives and directors violated federal securities laws of the United States
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