Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Vipshop Holdings Limited To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Vipshop Holdings Limited (“Vipshop” or the “Company”) (NYSE: VIPS).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Vipshop manipulated and overstated its sales, receivables, profit, cash flows, and asset accounts; and (2) Vipshop's financial statements contain GAAP violations by reporting revenue on a gross basis even though the majority of Company sales are conducted under a consignment arrangement.
If you invested in Vipshop stock or options between February 17, 2015 through May 11, 2015 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Vipshop’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.