IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit Against Vipshop Holdings Limited & Advise...
July 03 2015 - 10:07PM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit has been filed in the United States District Court
for the Southern District of New York against Vipshop Holdings
Limited (“Vipshop” or the “Company”) (NYSE: VIPS), for alleged
violations of the federal securities laws. Investors who purchased
or otherwise acquired shares between February 17, 2015 and May 11,
2015, inclusive (the “Class Period”), have until July 20, 2015 to
serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class
Period, we advise you to contact Michael Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del
Rey, CA 90292, at 800-977-7401, to discuss your rights without cost
to you. You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
Vipshop is a China-based company that operates as an online
discount retailer selling a wide range of consumer goods. The
complaint alleges Vipshop made false and/or misleading statements
and/or failed to disclose that: (a) Vipshop manipulated and
overstated sales, receivables, profit, cash flows, and asset
accounts; (2) Vipshop's financial statements violated GAAP by
reporting revenue on a gross basis even though the vast majority of
the company's sales are under a consignment arrangement; (3)
Vipshop's internal controls over financial reporting were
ineffective; and (4) as a result, Vipshop's public statements were
materially false and misleading throughout the Class Period. When
the truth was revealed, the stock dropped causing damage to
investors.
If you have any questions concerning your legal rights in this
case, please immediately contact Goldberg Law PC at 800-977-7401,
or visit our website at http://www.Goldberglawpc.com, or email us
at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150703005347/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.comhttps://twitter.com/goldberglawpchttps://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts
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