SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

April 13, 2015 11:01 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of iDreamSky Technology Limited of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of June 1, 2015 -- DSKY

NEW YORK, NY--(Marketwired - Apr 13, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired American Depositary Shares (ADSs) of iDreamSky Technology Limited (NASDAQ: DSKY) between August 8, 2014 and March 13, 2015, including investors who purchased ADSs pursuant to the initial public offering on or about August 7, 2014

You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. If you purchased or otherwise acquired iDreamSky Technology Limited ("iDreamSky") ADSs between August 8, 2014 and March 13, 2015 or pursuant to the IPO, your rights may be affected by this action. To get more information, go to:

HTTP://ZLK.9NL.COM/IDREAMSKY-TECHNOLOGY-DSKY

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

The complaint alleges that throughout the Class Period defendants concealed from the investing public that: (a) the Company had overstated its ability to monetize its user base and effectively integrate its distribution channels; (b) as a result, the Company had to lower its earnings guidance; and (c) as a result of the foregoing, the Company's statements about its business, operations, and prospects were materially false and/or lacked a reasonable basis.

If you suffered a loss in iDreamSky you have until June 1, 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.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 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

  • CONTACT:
    Levi & Korsinsky, LLP
    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
    www.zlk.com