SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Youku Tudou, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of May 26, 2015 -- YOKU
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 04/07/15 -- The following statement is being issued by Levi & Korsinsky, LLP:
or otherwise acquired securities of (NYSE: YOKU)
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, . To get more information, :
or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972. .
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.
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.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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Datum: 07.04.2015 - 14:19 Uhr
Sprache: Deutsch
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