LOS ANGELES (Legal Newsline) – A Chinese digital media company is facing a class action lawsuit over allegations the company made false statements to the U.S. Securities and Exchange Commission when it went public in the United States.

Christopher Shreves filed the lawsuit June 8 in U.S. District Court in California against Xunlei Limited, claiming the company failed to disclose information about one of its projects that would eventually become financially “detrimental” to the company’s finances.