Dandang

Minority shareholders claim in a federal class action that directors sold Dandang, the "Amazon.com of China," to controlling stakeholders for 28 percent below market value during a going-private merger despite a better all-cash offer.

MANHATTAN – Minority shareholders claim in a federal class action that directors sold Dandang, the "Amazon.com of China," to controlling stakeholders for 28 percent below market value during a going-private merger despite a better all-cash offer.