May 12, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares over potential securities laws violations by Qihoo 360 Technology Co and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Qihoo 360 Technology Co Ltd (NYSE:QIHU) concerning whether a series of statements by Qihoo 360 Technology Co regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) grew from $14.80 per share in August 2012 to $109.62 per share in February 2014.

Qihoo 360 Technology Co Ltd reported that its annual Total Revenue rose from $671.09 million in 2013 to over $1.39 billion in 2014 and that its respective Net Income increased from $99.65 million to $222.77 million.

On April 30, 2015, three security testing bodies, AV-Comparatives, AV?TEST and Virus Bulletin, released a joint statement announcing the censure of security vendor Qihoo 360 Technology Co Ltd They will revoke all certifications and rankings awarded to Qihoo 360's products this year after finding that the company submitted 'products for comparative and certification testing which behaved significantly differently from those made available to its users and customers.'

Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) declined to as low as $53.25 per share on May 6, 2015.