SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Class Action Involving Vipshop Holdings Limited and a Lead Plaintiff Deadline of July 20, 2015 - VIPS

NEW YORK, July 15, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Vipshop Holdings Limited VIPS securities between February 17, 2015 and May 11, 2015.

Click here to learn about the case: http://docs.wongesq.com/VIPS-Info-Request-Form-810. There is no cost or obligation to you.

The complaint alleges that defendants misstated and/or failed to disclose that: (a) Vipshop manipulated and overstated its sales, receivables, profit, cash flows, and asset accounts; (b) Vipshop's financial statements contain GAAP violations by reporting revenue on a gross basis even though the vast majority of its sales are under a consignment arrangement; and (c) Vipshop's internal controls over financial reporting were ineffective.

If you suffered a loss in Vipshop you have until July 20, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/VIPS-Info-Request-Form-810.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.