November 16, 2015 - The court granted the stipulation.
November 9, 2015 - The parties filed a stipulation of dismissal without prejudice.

August 7, 2015 - Lead plaintiff motions were filed.

June 8, 2015 - An investor in shares of Xunlei Ltd (NASDAQ: XNET) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Xunlei Ltd in connection with certain allegedly false and misleading statements made between June 24, 2014 and May 20, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Xunlei Ltd (NASDAQ: XNET) pursuant and/or traceable to Xunlei Ltd’s initial public offering on or about June 24, 2014 and/or purchasers of Xunlei Ltd (NASDAQ: XNET) on the open market between June 24, 2014 and May 20, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 24, 2014 and May 20, 2015 defendants made allegedly false and/or misleading statements and allegedly failed to disclose the material risk that Xunlei Ltd’s strategic focus on Project Crystal and its mobility initiative would have a detrimental impact on the Company’s financial condition.

Xunlei Ltd reported that its annual Total Revenue rose from $140.52 million in 2012 to 179.53 million in 2014 and that its Net Income increased from $0.5 million in 2012 to $10.81 million in 2014. Shares of Xunlei Ltd (NASDAQ: XNET) grew from $5.94 per share in March 2015 to as high as $11.40 per share on May 20, 2015.

Then on May 20, 2015, Xunlei Ltd announced its unaudited financial results for the first quarter that ended on March 31, 2015. Xunlei Ltd reported that its first quarter Revenue declined from $32.96 million in 2014 to $30.2 million in 2015 and that its first quarter Net Income declined from $4.6 million in 2014 to $2.4 million in 2015. Xunlei Ltd also issued its guidance for its second quarter 2015. Shares of Xunlei Ltd (NASDAQ: XNET) declined on May 21, 2015 to as low as $8.89 per share.