The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against 9F Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL, January 22, 2021 / PRNewswire / – Schall law firm, a national shareholder rights law firm, has announced it has filed a class action lawsuit against 9F Inc. (“9F” or “the Company”) (NASDAQ: JFU) for violating federal securities legislation.
Investors who have purchased and / or can be traced back to the Company’s securities in accordance with the Company’s information August 14, 2019 Initial Public Offering (the “Initial Public Offering”) or in between August 14, 2019 and 29th September 2020are asked to contact the company beforehand March 222021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to get in touch Brian Schall the law firm Schall, 2049 Century Park East, Suite 2460, Los Angeles, California 90067, 310-301-3335 to discuss your rights free of charge. You can also contact us on the company’s website at www.schallfirm.com or by email at [email protected].
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. 9F extolled value and value for its financial institution partners and the three-party collaboration business model that did not exist. In fact, the Company and the Property and Casualty Insurance Company (“PICC”) have been embroiled in an ongoing dispute over the payment of service charges. The Company’s collection of service fees by PICC was at a serious risk of non-payment. There was also a significant risk that PICC could terminate its credit insurance and provide protection to investors and institutional funding partners. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about 9F, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.
SOURCE The law firm Schall