INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Vipshop Holdings Limited of Pendency of Class Action Lawsuit & ...
01 Julio 2015 - 2:49PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Vipshop Holdings Limited (NYSE:VIPS)
from February 17, 2015 through May 11,
2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the United States District Court for
the Southern District of New York. If you purchased or otherwise
acquired Vipshop Holdings Limited (“Vipshop”) securities between
February 17, 2015 and May 11, 2015, your rights may be
affected by this action. To get more information go
to:
http://zlk.9nl.com/vipshop-vips
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 complaint alleges that defendants misstated and/or failed to
disclose that: (a) Vipshop manipulated and overstated its sales,
receivables, profit, cash flows, and asset accounts; (b) Vipshop’s
financial statements contain GAAP violations by reporting revenue
on a gross basis even though the vast majority of its sales are
under a consignment arrangement; and (c) Vipshop’s internal
controls over financial reporting were ineffective.
If you suffered a loss in Vipshop you have until July 20, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150701006536/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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