Equity alert: the rosen law firm announces investigation of securities claims against 21vianet group, inc.

New york--(business wire)--the rosen law firm announces that it is investigating potential securities claims against 21vianet group, inc. (nasdaq:vnet) resulting from allegations that the company may have issued materially misleading business information to the investing public, namely, that the true volume and extent of its business in china is a fraction of what it purportedly claims in its filings to the u.s. securities and exchange commission. 21vianet provides carrier-neutral internet data center (“idc”) services in china. on september 10, 2014, trinity research group issued a report asserting that 21vianet has greatly exaggerated its true financial performance. the report states, among others things, that: the company overstated the number of cabinets in its idc network by at least 14.5% and their utilization by at least 11.1 percentage points; the company claimed to be operating 72 data centers when in fact 31 of their outsourced data center partnerships have been terminated; the managed network services business that the company uses to make its acquisitions is run illegally; and the company misrepresented the financials of at least two of its acquired companies by 51% in its sec filings based on filings 21vianet made to the chinese authorities. the rosen law firm is preparing a class action lawsuit as a result of this adverse information. if you purchased 21vianet securities on or before september 10, 2014 and would like to recover your losses, please visit the website at http://www.rosenlegal.com/cases-353.html for more information. you may also contact phillip kim, esq. or kevin chan, esq., or of the rosen law firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. the rosen law firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. attorney advertising. prior results do not guarantee a similar outcome.
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