24 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Xunlei Limited|
|Stock Symbol :||NASDAQ: XNET|
|Class Period Start:||10/10/2017|
|Class Period End:||01/11/2018|
|Lead Plaintiff motion:||03/20/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Southern District of New York|
Thieler Law Corp advises investors with losses exceeding $100,000 of the March 20, 2018 lead plaintiff deadline in a class action lawsuit filed against Xunlei Limited (NASDAQ: XNET) (“Xunlei” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Xunlei Limited securities between October 10, 2017 and January 11, 2018, have until March 20, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Xunlei Limited securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing firstname.lastname@example.org . 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 Xunlei had engaged in unlawful financial activity; OneCoin was a form of disguised Initial Coin Offering; Xunlei was engaged in the promotion of an Initial Miner Offering; and as a result of the foregoing, Defendants’ statements about Xunlei’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On October 12, 2017, the Company initiated its blockchain-based product "OneCoin" to the market. Xunlei customers could then receive OneCoin for contributing their bandwidth and use OneCoin to purchase Company products, goods and services.
If you were negatively impacted by your investment in Xunlei Limited securities between October 10, 2017 and January 11, 2018 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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Thieler Law Corp
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