Qihoo 360, Investors Ink $29.75M Deal Over $9.3B Merger Suit

By Sydney Price

Investors suing Chinese software company Qihoo 360 Technology Co. Ltd. asked a New York federal judge to approve a $29.75 million settlement ending claims the firm worked to push down its share price in order to pay shareholders an unfairly low price when it went private by means of a $9.3 billion merger.

 Memorandum attached | Read full article » | Save to favorites »