VIPSHOP SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Vipshop Holdings Limited To Contact The Firm - VIPS

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May 22, 2015, 07:00 ET

NEW YORK, May 22, 2015 /PRNewswire/ -- 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.

On May 12, 2015, a report published by Mithra Forensic Research asserted, among other things, that forensic models suggest that Vipshop manipulated sales, receivables, profit, and other asset accounts. On May 14, 2015, a J Capital Research report stated that the Company's financial filings in China are vastly different than its filings with the Securities and Exchange Commission. In the aftermath of the two reports, Vipshop shares declined by 7.8% on the May 14, 2015 market close as compared to their May 11, 2015 closing price.

Request more information now by clicking here: www.faruqilaw.com/VIPS. There is no cost or obligation to you.

Take Action

If you invested in Vipshop stock or options between February 17, 2015 through May 11, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/VIPS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Vipshop's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Contact:
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

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