[March 23, 2015]

EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Youku Tudou Inc. - YOKU

The Rosen Law Firm, P.A., a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Youku Tudou Inc. (NYSE:YOKU) resulting from allegations that Youku Tudou may have issued materially misleading business information to the investing public.

On March 19, 2015, Youku Tudou announced that it received and responded to comments and queries from the U.S. Securities and Exchange Commission (the "SEC (News - Alert)") related to certain accounting treatment adopted by the Company in its historical financial statements stemming from the SEC's review of the Company's annual report on Form 20-F for the fiscal year ended December 31, 2013. The accounting issues include: (i) revenue recognition for multi-element arrangements; (ii) accounting for nonmonetary echanges of licensed content; and (iii) application of ASC (News - Alert) 920. Furthermore, Youku Tudou stated that it is evaluating the potential impact from the resolution of these accounting issues to its 2014 and historical financial statements. On this news, shares of Youku Tudou fell $1.65 per share or over 10% to close at $13.50 per share on March 20, 2015.

The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Youku Tudou investors. If you purchased shares of Youku Tudou before March 20, 2015, please visit the website at http://rosenlegal.com/cases-555.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

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

Attorney Advertising. Prior results do not guarantee a similar outcome.

[ Back To TMCnet.com's Homepage ]