YOKU Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares.

To all investors in Youku Tudou, Inc (“Youku” or the “Company”) (NYSE:YOKU) between February 27, 2014 and March 19, 2015, inclusive (the “Class Period”): The law firm of Glancy Binkow & Goldberg LLP reminds you of the May 25, 2015 deadline to file a lead plaintiff motion. Investors who purchased Youku securities during the Class Period and wish to submit a lead plaintiff motion or learn more about the case should contact Lesley Portnoy, at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

Youku operates as an Internet television company in the People's Republic of China. Its Internet television platform enables consumers to search, view, and share video content across various devices.

The Complaint alleges that throughout the Class Period, Defendants misled investors by improperly recognizing revenue for certain transactions and assets; and that the Company lacked adequate internal controls over financial reporting; and therefore the Company's financial statements were materially false and misleading at all relevant times.

On March 19, 2015, after only two days’ notice of its pending earnings release, the Company reported a net loss of $51.3 million, compared to $4 million in the same quarter of 2013. Moreover, Youku disclosed that the SEC is investigating certain aspects of the Company's past accounting practices relating to revenue recognition for multi-part deals, accounting of "non-monetary exchanges of licensed content" and the classification of licensed content as long-lived assets. The Company also announced that it is now "evaluating the impact to its 2014 and historical financial statements."

On this news, Youku's stock price dropped nearly 11% per share, from a March 19, 2015 closing price of $15.15 per share, to close at $13.50 per share on March 20, 2015.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CALesley Portnoy310-201-9150888-773-9224shareholders@glancylaw.comwww.glancylaw.com

Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025

Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025