San Diego, CA -- (SBWire) -- 07/24/2018 --A deadline is coming up on July 24, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) between March 27, 2015 and August 20, 2015.
Investors who purchased a significant amount of shares of ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) between March 27, 2015 and August 20, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/chinacache-international-holdings-ltd-adr-nasdaq-ccih-investor-securities-class-action-lawsuit-
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is July 24, 2018. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by ChinaCache International Holdings Ltd in connection with certain allegedly false and misleading statements made between April 11, 2015 and August 20, 2015. According to the complaint the plaintiff alleges on behalf of purchasers of ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) common shares between April 11, 2015 and August 20, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 11, 2015 and August 20, 2015 issued materially false and misleading statements to investors and/or failed to disclose that the platform migration to High Performance Cloud Cache was not successful, that the platform migration to High Performance Cloud Cache posed the risk of a negative impact on the Company's financial performance, that as a result of the unsuccessful migration, the Company's revenue for the second quarter of 2015 would be below expectations, and that as a result, ChinaCache International Holdings Ltd's public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Deadline Upcoming in $990 Thousand Settlement in the ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) Investor Lawsuit
A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of ChinaCache International Holdings Ltd (ADR) (NASDAQ: CCIH) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on July 24, 2018 and NASDAQ: CCIH investors should contact the Shareholders Foundation.