NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired ADSs of Xunlei Limited (NASDAQGS:XNET) between October 10, 2017 and January 11, 2018. You are hereby notified that Levi & Korsinsky has commenced the class action Dookeran v. Xunlei Limited, et al. (Case No. 1:18-cv-00467) in the USDC for the Southern District of New York. Click here to view the complaint. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
On October 12, 2017, Xunlei introduced its blockchain-based product “OneCoin” to the market. The Company’s customers could then receive OneCoin for contributing their bandwidth and purchase Xunlei’s products, goods and services using OneCoin.
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Xunlei had engaged in unlawful financial activity; (2) OneCoin was a form of disguised Initial Coin Offering; (3) Xunlei was engaged in the promotion of an Initial Miner Offering; and (4) as a result of the foregoing, Defendants’ statements about Xunlei’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Xunlei you have until March 20, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.