iDreamSky Technology Limited

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Case Summary
Company Name: iDreamSky Technology Limited
Stock Symbol : (NASDAQ: DSKY)
Class Period Start: 08/07/2014
Class Period End: 03/13/2015
Lead Plaintiff motion: 06/01/2015
Date Filed: 04/02/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 1, 2015 lead plaintiff deadline in a class action lawsuit filed against iDreamSky Technology Limited (NASDAQ: DSKY) (“iDreamSky” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New Yorkand investors, who purchased American Depositary Shares of iDreamSky in connection with iDreamSky’s initial public offering on or about August 7, 2014 and/or on the open market between August 8, 2014 and March 13, 2015, have until June 1, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased iDreamSky securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that iDreamSky Technology Limited had overstated its ability to monetize its user base and effectively integrate its distribution channels. Also the complaint further alleges that, as a result, the Company had to lower its earnings guidance.  Additionally, the complaint claims that, at as a result of the foregoing, iDreamSky’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

If you were negatively impacted by your investment in iDreamSky American Depositary Shares of iDreamSky in connection with iDreamSky’s initial public offering on or about August 7, 2014 and/or on the open market between August 8, 2014 and March 13, 2015, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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Please find below an excerpt of the complaint filed

iDreamSky Technology Limited Complaint 2015

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