Energy News / Shareholders Foundation, Inc.

Alert: Xunlei Ltd (NASDAQ:XNET) Investor Investigation over Possible Securities Laws Violations

Via: ReleaseWire

Updated 8:15 AM CDT, Wed, June 03,2015

An investigation for investors in Xunlei Ltd (NASDAQ:XNET) shares over potential securities laws violations by Xunlei Ltd was announced and NASDAQ:XNET stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (ReleaseWire) -- 06/03/2015 -- An investigation on behalf of investors of Xunlei Ltd (NASDAQ:XNET) shares over potential securities laws violations by Xunlei Ltd and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Xunlei Ltd (NASDAQ:XNET), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Xunlei Ltd (NASDAQ:XNET) concerning whether a series of statements by Xunlei Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 20, 2015, Xunlei Ltd announced its unaudited financial results for the first quarter that ended on March 31, 2015. Xunlei Ltd reported that its first quarter Revenue declined from $32.96 million in 2014 to $30.2 million in 2015 and that its first quarter Net Income declined from $4.6 million in 2014 to $2.4 million in 2015. Xunlei Ltd also issued its guidance for its second quarter 2015. Shares of Xunlei Ltd (NASDAQ:XNET) declined on May 21, 2015 to as low as $8.89 per share.

On June 1, 2015, NASDAQ:XNET shares closed at $10.00 per share.

Those who purchased shares of Xunlei Ltd (NASDAQ:XNET) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/alert-xunlei-ltd-nasdaqxnet-investor-investigation-over-possible-securities-laws-violations-602043.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com