NEW YORK, Oct. 13, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Central District of New York on behalf of those who purchased securities of ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (NasdaqGS: CCIH), during the period between April 11, 2015 and August 20, 2015 inclusive. (the "Class Period").
According to the Complaint, throughout the Class Period, defendants issued materially false and misleading statements to investors and/or failed to disclose that (1) the platform migration to the High Performance Cloud Cache ("HPCC") was not successful; (2) the platform migration to HPCC posed the risk of a negative impact on the Company's financial performance; (3) as a result of the unsuccessful migration, the Company's revenue for the second quarter of 2015 would be below expectations; and (4) as a result, the Company's public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in ChinaCache you have until December 8, 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC