360 DIGITECH ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against 360 DigiTech, Inc. and Encourages Investors to Contact the Firm

NEW YORK–(BUSINESS WIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces a class action lawsuit has been filed against 360 DigiTech, Inc. (“360 DigiTech” or the “Company”) (NASDAQ: QFIN), the United States District Court for the Southern District of New York on behalf of all individuals and legal entities who purchased or otherwise acquired 360 DigiTech securities between April 30, 2020 and July 7, 2021, both days inclusive (the “Collection Period “). Investors have until September 13, 2021 to apply to the court for appointment as lead plaintiff in the litigation.

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On July 8, 2021, messages circulated on social media that the company’s core product, the 360 ​​IOU app, had been removed from major app stores. The reports followed the removal of other companies’ apps as Chinese regulators investigated their privacy practices for customers.

Following the news, 360 DigiTech’s share price fell $ 7.12 per share, or 21.48%, to close at $ 26.02 per share on July 8, 2021.

On July 9, 2021, Seeking Alpha reported that 360 DigiTech had confirmed the removal of its 360 IOU app from the Android app store, citing a company spokesperson who said the company was “filing a new rectification plan and is speeding up the entire process Has. ”

The lawsuit alleges that during the class action period the defendants made materially false and misleading statements about the company’s business, operational and compliance policies. In particular, Defendants have provided false and / or misleading information and / or failed to disclose that: (i) the Company collected personal data in violation of the relevant laws and regulations of the People’s Republic of China; (ii) accordingly, 360 DigiTech has been exposed to increased risk of regulatory scrutiny and / or enforcement action; and (iii) as a result, the Company’s public statements at all relevant times have been materially false and misleading.

If you have bought or otherwise acquired 360 DigiTech shares and have suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this release or your rights or interests in relation to these matters, please contact Brandon Walker, Melissa Fortunato or Marion Passmore by email at [email protected], by phone at (212) 355-4648, or fill out this contact form. There are no costs or obligations for you.

About Bragar Eagle & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents private and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.

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