INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Youku Tudou, Inc. of Pendency of Class Action Lawsuit & a Lead...
23 Abril 2015 - 5:29PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Youku Tudou, Inc. (NYSE:YOKU)
between February 27, 2014 and March 19,
2015.
You are hereby notified that a class action has been
commenced in the USDC for the Southern District of New York. If you
purchased Youku Tudou, Inc. (“Youku”) securities between February
27, 2014 and March 19, 2015, your rights may be affected
by this action. To get more information, go to:
HTTP://ZLK.9NL.COM/YOUKU-INFOSHEET
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The allegations in the complaint concern, among other
allegations, an alleged lack of adequate internal controls over the
Company’s financial reporting, including improper recording of
certain nonmonetary transactions and improperly recognized revenue
for multi-element arrangements.
On March 19, 2015, Youku reported a net loss of $51.3 million
for its fourth quarter, compared to $4 million in the same quarter
of 2013, and further disclosed that the SEC is investigating
certain aspects of the Company’s past accounting practices.
If you suffered a loss in Youku you have until May 26, 2015 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
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