SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of iDreamSky Technology Limited - DSKY
NEW YORK, March 16, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of iDreamSky Technology Limited ("iDreamSky" or the "Company") (NASDAQ: DSKY). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether iDreamSky and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 13, 2015, iDreamSky announced a revision its previously issued revenue guidance for the fourth quarter of 2014. The Company lowered its revenue guidance for the fourth quarter of 2014 to be between RMB327.0 million (US $52.7 million) and RMB329.0 million (US $53.0 million), as compared to the previously announced revenue guidance of between RMB390.0 million (US $62.9 million) and RMB410.0 million (US $66.1 million).
On this news, shares of iDreamsky fell $2.88 per share to $7.94, or more than 26.62%, on March 16, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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