BENSALEM, Pa. -- (Business Wire)

Law Offices of Howard G. Smithannounces that it is investigating potential claims on behalf of investors of Vipshop Holdings Limited (“Vipshop” or the “Company”) (NYSE: VIPS) concerning whether the Company has manipulated key accounting metrics, including sales, receivables, profits and asset accounts. Investors that have purchased shares of Vipshop, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

The investigation concerns the Company’s and its executives alleged violation of the securities laws, and the subsequent damage to investors after the sharp decline in the Company’s share price.

On May 12, 2015, Mithra Forensic Research published a report on the Company entitled, “We Are Not Buying The Financial Statements.” The report asserted that forensic models suggest Vipshop manipulated sales, receivables, profit and other asset accounts; and Vipshop’s financial statements have been contradicted by management's own disclosures.

As a result of this news, shares of Vipshop fell $1.54 per share, or over 5%, to close at $25.78 per share May 12, 2015.

Then, on May 14, 2015, TheStreet.com revealed another analyst report by J Capital that reiterated allegations that the Company has falsified key accounting metrics. The J Capital report based its findings on “discrepancies in the company's accounting” and stated that Vipshop’s “financial filings in China are vastly different than the filings with the Securities and Exchange Commission, leading to concerns that the company's results are not accurate.”

As a result of this news, shares of Vipshop fell $1.45 per share, or over 5.4%, to close at $25.21 per share May 14, 2015.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005147/en/

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Source: Law Offices of Howard G. Smith