NEW YORK – (BUSINESS WIRE) – January 20, 2021 –
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of buyers of the securities of 9F Inc. (NASDAQ: JFU): (i) in accordance with and / or traceable to and in accordance with the Registration Statement Prospectus in connection with the initial public offering of 9F on August 14, 2019 (“Initial Public Offering” or “Offer”); and / or (ii) between August 14, 2019 and September 29, 2020, both dates inclusive (the “Class Period”). The lawsuit aims to seek damages for 9F investors under federal securities laws.
According to the lawsuit, throughout the class period, the materials in support of the offering and the defendants made false and / or misleading statements and / or failed to disclose that: (1) the alleged value and benefits of the affiliates of the company’s financial institution and Its tri The business model of collaboration between parties did not actually exist and / or was significantly overrated as 9F and Property and Casualty Company Limited (“PICC”) were involved in an ongoing contractual dispute over the payment of service fees under the cooperation agreement. (2) The recoverability of the 9F service fees owed by PICC under the Cooperation Agreement was in doubt and there was a serious risk of non-payment. (3) There was a significant risk that PICC would no longer offer credit insurance or guarantee protection to investors and institutional financing partners. (4) As a result of the foregoing, the company’s platform, business model, reputation and financial results had been significantly affected. and (5) as a result, Defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and / or were unfounded at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.
A class action lawsuit has already been filed. If you want to serve as the lead plaintiff, you must transfer the court no later than March 22, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. To join the litigation, visit http://www.rosenlegal.com/cases-register-2007.html or contact Phillip Kim, Esq. To discuss your rights or interests regarding this class action lawsuit . the law firm Rosen free of charge at 866-767-3653 or by email at email@example.com or firstname.lastname@example.org.
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to get involved in a potential future recovery does not depend on being the lead plaintiff.
Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted one of the top 3 every year since 2013. The Rosen law firm has filed its largest class action lawsuit ever for securities against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
CONTACT: Laurence Rosen, Esq.
275 Madison Avenue, 40th floor
Toll Free: (866) 767-3653
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
KEYWORD IN INDUSTRY: LEGAL PROFESSIONAL SERVICES
SOURCE: The Rosen, PA law firm
Copyright Business Wire 2021.
PUB: 01/20/2021 7:38 pm / DISC: 01/20/2021 7:38 pm
Copyright Business Wire 2021.