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INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against 21Vianet Group, Inc.

2014-11-11 10:43
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LOS ANGELES--()--Glancy Binkow & Goldberg LLP reminds investors of 21Vianet Group, Inc. (“21Vianet” or the “Company”) (NASDAQ:VNET) that purchasers of American Depositary Shares of 21Vianet between April 21, 2011 and September 10, 2014, inclusive (the “Class Period”), have until November 11, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Eastern District of Texas.

Please contact Lesley Portnoy or Casey Sadler at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

21Vianet provides carrier-neutral Internet data center services in the People’s Republic of China. The Complaint alleges that: (1) the Company overstated the number of cabinets in its Internet data center network; (2) a significant portion of their outsourced data center partnerships have been terminated; (3) the Company misrepresented the financials of its Managed Network Entities; (4) the Company’s managed network services business, which accounts for a significant portion of the Company’s revenue, is run illegally; and (5), as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, or Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

 

Contacts

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Lesley Portnoy
Casey Sadler
(310) 201-9150
(888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com