Xunlei (Nasdaq: XNET) today reinitiated litigation against former CEO Chen Lei and his core team, seeking damages of up to 200 million RMB. The case has been officially filed by the relevant court in Shenzhen, Guangdong, China. This case is not merely a rehash of an old matter but has been officially upgraded from internal corporate allegations to judicial responsibility determination. As early as September 2020, Xunlei announced that former CEO
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Xunlei (Nasdaq: XNET) today reinitiated litigation against former CEO Chen Lei and his core team, seeking damages of up to 200 million RMB. The case has been officially filed by the relevant court in Shenzhen, Guangdong, China. This case is not merely a rehash of an old matter but has been officially upgraded from internal corporate allegations to judicial responsibility determination. As early as September 2020, Xunlei announced that former CEO