SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

October 06, 2014 14:29 ET

SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against 21Vianet Group, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of November 11, 2014 -- VNET

NEW YORK, NY--(Marketwired - Oct 6, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Texas on behalf of investors who purchased 21Vianet Group, Inc. ("21Vianet" or the "Company") (NASDAQ: VNET) securities between April 21, 2011 and September 10, 2014.

For more information, click here:

The Complaint alleges that: (a) the Company overstated the number of cabinets in its Internet data center networks; (b) a significant portion of the Company's outsourced data center partnerships have been terminated; (c) the Company misrepresented the financials of its Managed Network Entities; and (d) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

On September 10, 2014, a report published by Trinity Research Group alleged that the Company's financial performance, business prospects, and true financial condition have been overstated.

If you suffered a loss in 21Vianet you have until November 11, 2014 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 Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510