YOUKU SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess ...
27 Março 2015 - 11:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
May 25, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against Youku Tudou, Inc. (NYSE:YOKU) if they purchased the
Company's securities between February 27, 2014 and March 19, 2015,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Youku and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by May 25, 2015.
About the Lawsuit
Youku and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On March 19, 2015, Youku released its fourth quarter results,
reporting a net loss of $51.3 million, compared to $4 million in
the same quarter of 2013. Youku also 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 and that it
is now "evaluating the impact to its 2014 and historical financial
statements."
On this news, the price of Youku's shares plummeted.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers
with significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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