The Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
Xunlei Limited (NASDAQ: XNET) resulting from allegations that Xunlei may
have issued materially misleading business information to the investing
public.
On June 24, 2014, Xunlei conducted its initial public offering (“IPO”)
and raised approximately $88 million. On May 20, 2015, Xunlei announced
its unaudited financial results for the first quarter ended March 31,
2015, which revealed revenues of $30.2 million, down 8.4%
year-over-year, and an operating loss of $1.4 million, compared with an
operating income of US$3.8 million in the corresponding period of last
year. On this news, shares of Xunlei fell sharply during intraday
trading on May 21, 2015, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Xunlei investors. If you purchased shares of Xunlei on or
before May 20, 2015, please visit the website at http://rosenlegal.com/cases-624.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 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.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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