SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP is investigating whether certain officers and directors of 21Vianet Group, Inc. (NASDAQ: VNET) violated United States federal securities laws.
On September 11, 2014, 21Vianet stock plunged more than 18.00% in intra-day trading after a report by Trinity Research Group criticized its business practices. Specifically, the report says that 21Vianet's Chinese operations are equivalent to a ponzi scheme. According to a Trinity Research September 2014 121-page report, there is “Overwhelming evidence that the company is committing accounting and securities fraud." The report stated that revenues were being overstated and the Company will likely be delisted from the NASDAQ market exchange.
Johnson & Weaver’s investigation seeks to determine whether shareholders were misled by certain statements the Company made regarding its business outlook, financial performance and operations and, if so, what recourse 21Vianet investors would have as a result.
If you have information that could assist in this investigation, or if you are a 21Vianet shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.