NEW ORLEANS, Sept. 8, 2017 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until October 16, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against ZTO Express (Cayman), Inc. (NYSE: ZTO), if they
purchased the Company's American Depositary Shares ("ADSs")
pursuant to its October 27, 2016
initial public offering ("IPO"). This action is pending in
the United States District Court for the Southern District of
New York.
Get Help
ZTO Express investors should visit us at
https://www.claimsfiler.com/cases/new-york-se-zto or call to speak
to our claim center toll-free at (844) 367-9658.
About the Lawsuit
ZTO and certain of its executives are charged with failing to
disclose material information in its Registration Statement filed
in connection with its IPO, violating federal securities
laws.
On October 27, 2016, ZTO conducted
its IPO having previously filed its Registration Statement with the
SEC. However, ZTO failed to disclose adverse material facts in its
Statement involving the Company's use of its "network partner"
businesses for low-margin shipping services, which businesses were
not maintained on its books, and which caused ZTO's profit margins
to be inflated.
Since the IPO, the price of ZTO's shares has fallen
significantly.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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