NEW YORK (TheStreet) -- Shares of Vipshop Holdings are down by 2.41% to $24.88 in late afternoon trading on Thursday, after litigation firm Milberg LLP announced it has filed a class action lawsuit against the China-based online retailer, which claims that the company and some of its officers violated securities law by "disseminating false and misleading statements to the investing public." The suit was filed in the U.S.