YOUKU SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Youku Tudou, Inc.

NEW ORLEANS--()--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 25, 2015 to file lead plaintiff applications in a securities class action lawsuit against Youku Tudou, Inc. (NYSE: YOKU) if they purchased the Company’s securities between February 27, 2014 and March 19, 2015, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

“evaluating the impact to its 2014 and historical financial statements.”

What You May Do

If you purchased shares of Youku and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 25, 2015.

About the Lawsuit

Youku and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On March 19, 2015, Youku released its fourth quarter results, reporting a net loss of $51.3 million, compared to $4 million in the same quarter of 2013. Youku also disclosed that the SEC is investigating certain aspects of the Company’s past accounting practices relating to revenue recognition for multi-part deals, accounting of “non-monetary exchanges of licensed content” and the classification of licensed content as long-lived assets and that it is now “evaluating the impact to its 2014 and historical financial statements.”

On this news, the price of Youku’s shares plummeted.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
lewis.kahn@ksfcounsel.com

Recent Stories

RSS feed for Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC