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YOKU Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares.

27.54
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. NYSE:YOKU NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.54 0 01:00:00

EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Against Youku Tudou, Inc. Seeking to Recov...

25/03/2015 10:42pm

GlobeNewswire Inc.


Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
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From Jul 2019 to Jul 2024

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The Rosen Law Firm, P.A., a global investor rights law firm, announces that a class action lawsuit has been filed on behalf of purchasers of the securities of Youku Tudou, Inc. (NYSE:YOKU) between February 27, 2014 and March 19, 2015, inclusive. The lawsuit seeks to recover investors' losses under the federal securities laws.

To join the Youku Tudou class action, visit the firm's website at http://www.rosenlegal.com/cases-555.html, or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

The lawsuit alleges that Defendants made false and/or misleading statements and/or failed to disclose that Youku Tudou: (i) improperly recognized revenue for multi-element arrangements; (ii) improperly recorded certain nonmonetary transactions to exchange online broadcasting rights of video content with other online video broadcasting companies; (iii) improperly accounted for its licensed content; (iv) lacked adequate internal controls over its financial reporting; and (v) as a result, its financial statements were materially false and misleading at all relevant times. When the truth was revealed to investors, the price of Youku Tudou securities fell, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than May 25, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-555.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         Kevin Chan, Esq.
         The Rosen Law Firm, P.A.
         275 Madison Avenue, 34th Floor
         New York, NY  10016
         Tel: (212) 686-1060
         Toll Free: (866) 767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         kchan@rosenlegal.com
         www.rosenlegal.com

1 Year Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. Chart

1 Year Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. Chart

1 Month Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. Chart

1 Month Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. Chart