LightInTheBox Holding Co., Ltd. Sued by Investor

               LightInTheBox Holding Co., Ltd. Sued by Investor

PR Newswire

SAN DIEGO and BEIJING, Sept. 3, 2013

SAN DIEGOand BEIJING, Sept. 3, 2013 /PRNewswire/ --Shareholder rights
attorneys at Robbins Arroyo LLP announce that an investor of LightInTheBox
Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox") has filed a complaint in the
U.S. District Court for the Southern District of New York on behalf of
purchasers of LightInTheBox American Depository Shares. The complaint alleges
that the company and certain of its officers violated the Securities Exchange
Act of 1934 between June 6, 2013 and August 19, 2013 (the "Class Period").
LightInTheBox, through its subsidiaries, operates as an online retailing


LightInTheBox Accused of Making False and Misleading Statements

According to the complaint, certain LightInTheBox officers made false and
misleading statements and failed to disclose information regarding the
company's financial performance and business prospects. Specifically, the
complaint alleges that, throughout the Class Period, certain company officers
misrepresented and failed to disclose that the company began to experience a
dramatic decrease in sales growth during the second quarter of 2013. Further,
the complaint alleges that certain LighInTheBox officers were aware, but
failed to disclose, that the company's costs had outpaced sales growth in the
second quarter 2013. As a result, LightInTheBox was not on pace to reach the
financial targets maintained by the company during the Class Period.

LightInTheBox Stock Drops on Disappointing Revenue

On August 19, 2013, according to the complaint, less than on one month after
the company's IPO, LightInTheBox announced its financial results for its
second quarter ended June 30, 2013. The company reported quarterly revenue of
$72.2 million and a profit of $.05 per share, in contrast to a profit of $.06
and revenue of $75.8 million the company had led analysts to expect. In
addition, the company announced that it expected third quarter revenue of $68
million to $70 million, instead of the $75.8 million the investment community
had been led to expect. On this news, LightInTheBox shares dropped nearly
40%, or $7.69 per share, to close at $11.58 on August 20,

If you invested in LightInTheBox and would like to discuss your shareholder
rights, please contact attorney Darnell R. Donahue at (800) 350-6003,, or via the shareholder information form on the
firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please
go to

Press release link:

Attorney Advertising.Past results do not guarantee a similar outcome.

Darnell R. Donahue
Robbins Arroyo LLP
(619) 525-3990 or Toll Free at (800) 350-6003

SOURCE Robbins Arroyo LLP

Press spacebar to pause and continue. Press esc to stop.