NEW YORK, February 19, 2021 (GLOBE NEWSWIRE) – Pawar Law Group is announcing a class action lawsuit on behalf of shareholders who purchased 9F Inc. (NASDAQ: JFU) shares from August 14, 2019 through September 29, 2020 inclusive ( the “class period”). The lawsuit aims to seek damages for 9F investors under federal securities laws.
To participate in the class action, go here or call Vik Pawar, Esq. toll free at 888-589-9804 or email email@example.com for information on the class action lawsuit.
According to the lawsuit, defendants made false and / or misleading statements and / or failed to disclose: The alleged value and benefits of the partners of the company’s financial institution and its three-party collaboration business model did not actually exist and / or were material excessive as 9F and Property and Casualty Company Limited (“PICC”) were involved in an ongoing contractual dispute over payment of service fees under the Cooperation Agreement; The recoverability of the service fees owed by PICC to 9F under the cooperation agreement was in doubt and there was a serious risk of non-payment. There was a significant risk that PICC would no longer offer credit insurance or guarantee protection to investors and institutional financing partners. As a result of the foregoing, the company’s platform, business model, reputation, and financial results had been significantly affected. 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.
If you want to appear as the lead plaintiff, you have to move the court at the latest March 22, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.
No class has been certified. Until a class is certified, you will not be represented by a lawyer unless you hire one. You can hire a lawyer of your choice. You also cannot do anything at this point and be an absent member of the class. Your ability to partake in a future recovery does not depend on whether you are the lead plaintiff.
The Pawar Law Group represents investors from all over the world. Lawyer advertising. Past results do not guarantee or forecast a similar result with respect to future matters.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1410
New York, NY 10007
Tel .: (917) 261-2277
Fax: (212) 571-0938