Faruqi & Faruqi, encourages anyone with information regarding Perfect World conduct to contact the firm
Faruqi & Faruqi announced they are investigating potential securities fraud at Perfect World Co.. Word is: "On September 15, 2011, Perfect World announced that it had cut its quarterly outlook by $8.5 million. On this unexpected news, company shares plunged by 18 percent on extremely heavy trading volume. On November 22, Perfect World shares dropped 14.4 percent after the company released its quarterly earnings report. Perfect World only reached the lower end of its revised guidance, and was significantly outperformed by industry peers. Then, on January 9, 2012, Perfect World shares plunged by 26.58 percent after the popular Chinese internet forum Tianya Club published a story alleging that the company is under investigation by Chinese and U.S. regulators. The investigation is said to focus on related party transactions made by Company founder and CEO Chi Yufeng. Perfect World closed on January 9, 2012 at $8.81 compared to $22.64 a year prior."
Update: we know have a response from Perfect World (check full story for details).