SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of YOUKU TUDOU, INC. of PENDENCY OF CLASS ACTION Lawsuit and a...
March 26 2015 - 2:56PM
The following statement is being issued by Levi & Korsinsky,
LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED YOUKU TUDOU,
INC. STOCK (NYSE:YOKU) BETWEEN FEBRUARY 27, 2014
AND MARCH 19, 2015.
YOU ARE HEREBY NOTIFIED 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, YOUR RIGHTS MAY BE
AFFECTED BY THIS ACTION. To get more information,
GO TO:
HTTP://ZLK.9NL.COM/YOUKU-TUDOU-YOKU
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to
you.
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.
If you suffered a loss in Youku you have until May 26,
2015 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
www.zlk.com
Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
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