Lundin Law PC announces a class action lawsuit has been filed against ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”) (NASDAQ: CCIH) concerning possible violations of federal securities laws between April 11, 2015 and August 20, 2015. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the December 8, 2015, lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
According to the complaint, the Company issued materially false and misleading statements to investors and/or failed to disclose that (1) the platform migration to HPCC was not successful; (2) the platform migration to HPCC posed the risk of a negative impact on ChinaCache’s financial performance; (3) as a result of the unsuccessful migration, ChinaCache’s revenue for the second quarter of 2015 would be below expectations; and (4) as a result, ChinaCache’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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/20151207006030/en/
Contacts:
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlaw.com
