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Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading internet security company primarily known for its comprehensive suite of anti-virus software solutions and mobile security products. Established in China, Qihoo 360 has grown exponentially and expanded its offerings to include a range of internet and mobile services, such as web browsers, app stores, and online advertising.
The company places a strong emphasis on R&D, continually updating its security protocols to counteract new and evolving cyber threats. This dedication to innovation has positioned Qihoo 360 as a trusted name in both personal and enterprise-level cybersecurity.
Qihoo 360 has formed significant partnerships with major tech companies to enhance its product offerings and expand its market reach. The company has also been involved in several strategic acquisitions to bolster its technology stack and service capabilities.
Financially, Qihoo 360 remains robust, with consistent revenue growth driven by its diversified product portfolio and expanding user base. The company’s ad revenue and mobile services contribute significantly to its financial health, making it a resilient player in the competitive tech landscape.
Recently, Qihoo 360 was part of a class action lawsuit, which has been settled with a fund of $29,750,000 to benefit class members. The lawsuit involved securities transactions and actions taken between December 18, 2015, and July 15, 2016. Affected parties have until August 8, 2024, to file a claim to receive their share of the settlement fund.
Qihoo 360 continues to advance its mission of providing cutting-edge security solutions, ensuring the safety and privacy of its millions of users worldwide.
On June 4, 2024, Levi & Korsinsky announced a settlement in the class action lawsuit against Qihoo 360 Technology (NYSE:QIHU). The settlement fund totals $29,750,000 and is intended for individuals and entities who sold Qihoo securities between December 18, 2015, and July 15, 2016, or participated in Qihoo's merger on July 15, 2016. To claim a share of the settlement, eligible class members must file a claim by August 8, 2024. More details and the claim form are available on the Levi & Korsinsky website. Levi & Korsinsky did not litigate the case but is providing this information to ensure timely claims filing.
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