NEW YORK, March 23, 2015 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of Youku Tudou, Inc. ("Youku" or the "Company") (NYSE:
YOKU). Such investors are advised to contact Peretz Bronstein or his investor relations
coordinator Eitan Kimelman at
info@bgandg.com or 212-697-6484.
The investigation concerns whether Youku and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On March 19, 2014, Youku 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 the Company's recognition of revenue,
among other matters.
Following this news, shares of Youku. fell $1.65, or 10.89%, to close at $13.50 on March 20,
2015.
If you are aware of any facts relating to this investigation, or
purchased shares of Youku you can assist this investigation by
contacting Peretz Bronstein or his
Investor Relations Coordinator Eitan
Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-youku-tudou-inc-300054122.html
SOURCE Bronstein, Gewirtz & Grossman, LLC