EQUITY ALERT: Rosen Law Firm Reminds Youku Tudou, Inc. Investors of Important Deadline in Class Action Filed by Firm - YOKU
01 Abril 2015 - 2:09PM
Business Wire
Rosen Law Firm, P.A., a global investor rights law firm, reminds
purchasers of the securities of Youku Tudou, Inc. (NYSE: YOKU)
between February 27, 2014 through March 19, 2015 of the important
May 25, 2015 lead plaintiff deadline in the class action filed by
the firm. The lawsuit seeks to recover investors’ losses under the
federal securities laws.
To join the Youku Tudou class action, visit the firm’s website
at http://www.rosenlegal.com/cases-555.html, or contact Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via
email at pkim@rosenlegal.com or kchan@rosenlegal.com for
information on the class action. The lawsuit filed by the firm is
pending in the U.S. District Court for the Central District of
California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
The lawsuit alleges that Defendants made false and/or misleading
statements and/or failed to disclose that Youku Tudou: (i)
improperly recognized revenue for multi-element arrangements; (ii)
improperly recorded certain nonmonetary transactions to exchange
online broadcasting rights of video content with other online video
broadcasting companies; (iii) improperly accounted for its licensed
content; (iv) lacked adequate internal controls over its financial
reporting; and (v) as a result, its financial statements were
materially false and misleading at all relevant times. When the
truth was revealed to investors, the price of Youku Tudou
securities fell, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than May 25, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to
http://www.rosenlegal.com/cases-555.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
-------------------------------
Contact Information:
Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
The Rosen Law Firm, P.A.866-767-3653Phillip Kim,
Esq.pkim@rosenlegal.comorKevin Chan, Esq.kchan@rosenlegal.com
Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
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