SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

March 18, 2015 11:16 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of XOOM CORPORATION of PENDENCY OF CLASS ACTION Lawsuit and a Lead Plaintiff DEADLINE of April 8, 2015 -- XOOM

NEW YORK, NY--(Marketwired - Mar 18, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON SHARES OF XOOM CORPORATION (NASDAQ: XOOM) PURSUANT AND/OR TRACEABLE TO THE COMPANY'S FEBRUARY 14, 2013 REGISTRATION STATEMENT AND PROSPECTUS

YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in the Superior Court of California, San Francisco County. If you purchased or otherwise acquired Xoom Corporation ("Xoom") securities pursuant to the February 13, 2013 Registration Statement and Prospectus, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION. To get more information at no cost or obligation to you, GO TO:

HTTP://ZLK.9NL.COM/XOOM-XOOM

The complaint alleges that the Company made false and misleading statements and failed to disclose that Xoom's internal controls were deficient.

On January 5, 2015, the Company disclosed that $30.8 million in corporate cash was illegally transferred and that its Chief Financial Officer had resigned.

If you suffered a loss in Xoom you have until April 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/xoom-xoom.

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