NEW YORK -- (Business Wire)
Rosen Law Firm, a global investor rights law firm, reminds purchasers of
the securities of Xunlei Limited (NASDAQ:XNET) from October 10, 2017
through January 11, 2018, both dates inclusive (“Class Period”) of the
important March 20, 2018 lead plaintiff deadline. The lawsuit seeks to
recover damages for Xunlei investors under the federal securities laws.
To join the Xunlei class action, go to http://www.rosenlegal.com/cases-1276.html
or call Phillip Kim, Esq. or Daniel Sadeh, Esq. toll-free at
866-767-3653 or email firstname.lastname@example.org
or email@example.com for
information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants during the Class Period made
materially false and/or misleading statements and/or failed to disclose
that: (1) Xunlei had engaged in unlawful financial activity; (2)
OneCoin, Xunlei’s blockchain-based product, 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, defendants’ statements
about Xunlei’s business, operations, and prospects were false and
misleading and/or lacked a reasonable basis. When the true details
entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than March 20, 2018. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to http://www.rosenlegal.com/cases-1276.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim or Daniel Sadeh of Rosen Law Firm toll free
at 866-767-3653 or via email at firstname.lastname@example.org
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation
by Institutional Shareholder Services for the number of securities class
action settlements annually obtained for investors. Attorney
Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180213006047/en/
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
275 Madison Avenue, 34th Floor
York, NY 10016
Toll Free: 866-767-3653
Source: The Rosen Law Firm, P.A.
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