NEW YORK, May 8, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased iDreamSky Technology Limited ("iDreamSky" or the "Company") (Nasdaq: DSKY ) American Depositary Shares between August 8, 2014 and March 13, 2015, including investors who purchased ADSs pursuant to the Initial Public Offering on or about August 7, 2014.
Click here to learn about the case: http://docs.wongesq.com/DSKY-Info-Request-Form-706 . There is no cost or obligation to you.
The complaint alleges that throughout the Class Period defendants concealed from the investing public that: (a) the Company had overstated its ability to monetize its user base and effectively integrate its distribution channels; (b) as a result, the Company had to lower its earnings guidance; and (c) as a result of the foregoing, the Company's statements about its business, operations, and prospects were materially false and/or lacked a reasonable basis.
If you suffered a loss in iDreamSky you have until June 1, 2015 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. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com , by telephone at 212.425.1140, or visit http://docs.wongesq.com/DSKY-Info-Request-Form-706 .
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail:
