IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit Against Vipshop Holdings Limited and Advises Shareholders to Contact the Firm Prior to the Lead Plaintiff Deadline

LOS ANGELES--(BUSINESS WIRE)-- Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York against Vipshop Holdings Limited (“Vipshop” or the “Company”) (NYSE: VIPS), for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between February 17, 2015 and May 11, 2015, inclusive (the “Class Period”), have until July 20, 2015 to serve as lead plaintiff in the class action.

If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

Vipshop is a China-based company that operates as an online discount retailer selling a wide range of consumer goods. The complaint alleges Vipshop made false and/or misleading statements and/or failed to disclose that: (a) Vipshop manipulated and overstated sales, receivables, profit, cash flows, and asset accounts; (2) Vipshop's financial statements violated GAAP by reporting revenue on a gross basis even though the vast majority of the company's sales are under a consignment arrangement; (3) Vipshop's internal controls over financial reporting were ineffective; and (4) as a result, Vipshop's public statements were materially false and misleading throughout the Class Period. When the truth was revealed, the stock dropped causing damage to investors.

If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at [email protected].

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

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/20150703005347/en/

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
[email protected]
http://www.Goldberglawpc.com
https://twitter.com/goldberglawpc
https://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts

Source: Goldberg Law PC

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