ZTO EXPRESS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in ...
September 22 2017 - 10:50PM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20170922005161/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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