NEW YORK, Oct. 30, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of ChinaCache International Holdings Ltd. (“ChinaCache”) (NASDAQ:CCIH) between April 11, 2015 and August 20, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. If you purchased or otherwise acquired ChinaCache securities between April 11, 2015 and August 20, 2015, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
According to the lawsuit, throughout the Class Period, defendants issued materially false and misleading statements to investors and/or failed to disclose that (1) the platform migration to the High Performance Cloud Cache (“HPCC”) was not successful; (2) the platform migration to HPCC posed the risk of a negative impact on the Company’s financial performance; (3) as a result of the unsuccessful migration, the Company’s revenue for the second quarter of 2015 would be below expectations; and (4) as a result, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you suffered a loss in ChinaCache you have until December 8, 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
Source:Levi & Korsinsky, LLP