Youku Tudou Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Youku Tudou Inc |
Stock Symbol : | (NYSE: YOKU) |
Class Period Start: | 02/27/2014 |
Class Period End: | 03/19/2015 |
Lead Plaintiff motion: | 05/25/2015 |
Date Filed: | 03/25/2015 |
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 May 25, 2015 lead plaintiff deadline in a class action lawsuit filed against Youku Tudou Inc (NYSE: YOKU) (“Youku Tudou” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Youku Tudou securities between February 27, 2014 and March 19, 2015, have until May 25, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
On Tuesday, March 17, 2015, Youku Tudou Inc announced that it would release its fourth quarter results on Thursday, March 19, 2015, giving investors two days-notice to prepare for Youku Tudou Inc's earnings announcement. On March 19, 2014, the Company announced that "as a result of the routine review by the Securities and Exchange Commission (the "Commission") of the Company's annual report on Form 20-F for the fiscal year ended December 31, 2013 ("2013 20-F"), the Company received, and responded to, comments and queries from the staff of the Commission regarding certain accounting treatment adopted by the Company in its historical financial statements." The issues addressed relate to Youku Tudou Inc's recognition of revenue, among other matters. American Depositary Shares of Youku Tudou Inc (ADS) (NYSE: YOKU) dropped significantly by $13.31 per share, far less than its current 52 week high of $30.95 per share.
Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |
Please find below an excerpt of the complaint filed