May 22, 2015 - The plaintiff filed a notice of voluntary dismissal without prejudice.
March 25, 2015 - An investor in shares of Youku Tudou Inc (ADR) (NYSE: YOKU) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Youku Tudou Inc in connection with certain allegedly false and misleading statements made between February 27, 2014 and March 19, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Youku Tudou Inc (ADR) (NYSE: YOKU) common shares between February 27, 2014 and March 19, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 27, 2014 and March 19, 2015 Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Youku Tudou Inc improperly recognized revenue for multi-element arrangements, that Youku Tudou Inc improperly recorded certain nonmonetary transactions to exchange online broadcasting rights of video content with other online video broadcasting companies at the carrying values of the broadcasting rights transacted, instead of the properly-accounted fair value, that Youku Tudou Inc improperly accounted for its licensed content as long-lived assets, that Youku Tudou Inc lacked adequate internal controls over financial reporting, and that as a result of the foregoing, Youku Tudou Inc’s financial statements were allegedly materially false and misleading at all relevant times.

On Tuesday, March 17, 2015, Youku Tudou Inc announced that it would release its fourth quarter results on Thursday, March 19, 2015, raising red flags by giving investors only two days-notice to prepare for Youku Tudou Inc's earnings announcement. On March 19, 2014, Youku Tudou Inc announced that as a result of the routine review by the Securities and Exchange Commission (the Commission ) of the Company's annual report on Form 20-F for the fiscal year ended December 31, 2013 ( 2013 20-F ), the Company received, and responded to, comments and queries from the staff of the Commission regarding certain accounting treatment adopted by the Company in its historical financial statements. The issues addressed relate to Youku Tudou Inc's recognition of revenue, among other matters.

Shares of Youku Tudou Inc (ADR) (NYSE: YOKU) declined to as low as $13.31 per share, which is signficiantly less than its current 52 week high of $30.95 per share.