Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against 360 DigiTech, Inc.
RADNOR, Pa., Aug. 4, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP reminds investors of 360 DigiTech, Inc. (NASDAQ: QFIN) (“360 DigiTech”) that a class of securities fraud is involved in the A lawsuit has been filed against 360 DigiTech in the United States District Court for the Southern District of New York on behalf of those who have purchased or acquired 360 DigiTech securities between April 30, 2020 and July 7, 2021, including (the “Class Period”).
360 DigiTech, through its subsidiaries, operates a digital consumer finance platform under the 360 Jietiao brand in the People’s Republic of China (“PRC”). The platform offers online consumer finance products to borrowers funded by institutional funding partners. 360 DigiTech also offers incremental credit checks, collections and other services, as well as defaulted loan guarantees. 360 DigiTech was formerly known as 360 Finance, Inc. and was renamed 360 DigiTech, Inc. in September 2020.
The lawsuit alleges that, during the class action period, defendants made false and / or misleading information and / or failed to disclose: (1) 360 DigiTech collected personal information in violation of relevant laws and regulations of the People’s Republic of China; (2) accordingly, 360 DigiTech has been exposed to an increased risk of regulatory review and / or enforcement action; and (3) as a result, 360 DigiTech’s public statements at all relevant times have been materially false and misleading.
360 DigiTech investors can by 13.09.2021 at the latest, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. To be appointed as a lead plaintiff, the court must determine that the class plaintiff’s claim is typical of the claims of other class plaintiffs and that the class plaintiff is adequately representing the class action. Your ability to participate in a recovery will not be affected by whether or not you want to be the lead plaintiff.
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Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of state and federal laws. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform and has collected billions of dollars on behalf of institutional and private investors from the US and around the world. The firm represents investors, consumers and whistleblowers (individuals who report fraudulent practices to the government and participate in recovery of government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
Radnor, PA 19087
(844) 887-9500 (toll free)