NEW YORK, Dec. 14, 2017 /PRNewswire/ -- Kaplan Fox
& Kilsheimer LLP (www.kaplanfox.com) has filed a class action
suit in the United States District
Court for the Southern District of New
York against Qudian Inc. ("Qudian" or the "Company") (NYSE:
QD), certain of its senior officers, directors, and
underwriters.
The complaint alleges that Defendants violated Sections 11 and
15 of the Securities Act of 1933. The complaint is brought on
behalf of all persons who purchased Qudian American Depository
Shares ("ADS") in the Company's October 17,
2017 initial public offering ("Offering") under or traceable
to an Amended Registration Statement filed with the SEC on Form
F-1/A on October 13, 2017 and a Prospectus filed with the SEC
on October 17, 2017 (collectively the
"Registration Statement") (the "Class"). In the Offering,
37.5 million Qudian ADSs were sold at $24.00 per share for gross proceeds of
$900 million.
The complaint further alleges that the Registration Statement
made representations "concerning the Company's risks concerning
security breaches and unauthorized access to its customers
confidential information" and that these representations "were
untrue statements of material facts and omitted material facts
necessary to make the statements contained therein not misleading,
because the Registration Statement did not disclose that, at the
time of the Offering, the Company's security measures for
protecting its customers' confidential information had been
breached or the Company had experienced unauthorized access to its
customers confidential information, exposing the Company to
liability related to the loss of the information, litigation and
negative publicity."
On December 13, 2017, Qudian ADSs
closed at $13.98 per share, or more
than 41% below the IPO price of $24
per share.
If you are a member of the proposed Class, you may move the
court no later than February 12, 2018
to serve as a lead plaintiff for the proposed Class. You need
not seek to become a lead plaintiff in order to share in any
possible recovery.
Plaintiff seeks to recover damages on behalf of the proposed
Class and is represented by Kaplan Fox & Kilsheimer LLP
(www.kaplanfox.com). Our firm, with offices in New York, San
Francisco, Los Angeles,
Chicago, and New Jersey, has decades of experience in
prosecuting investor class actions and actions involving violations
of the Federal securities laws.
If you have any questions about this Notice, the action, your
rights, or your interests, please e-mail attorneys Jeff Campisi (jcampisi@kaplanfox.com), or
Larry King (lking@kaplanfox.com), or
contact them by phone, regular mail, or fax:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, NY 10022
Toll-Free Telephone: (800) 290-1952
Telephone: (212) 687-1980
Fax: (212) 687-7714
E-mail address: jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, CA 94104
Telephone: (415) 772-4700
Fax: (415) 772-4707
E-mail address: lking@kaplanfox.com
View original
content:http://www.prnewswire.com/news-releases/kaplan-fox-files-class-action-to-recover-losses-for-investors-who-purchased-qudian-inc-american-depository-shares-300571727.html
SOURCE Kaplan Fox &
Kilsheimer LLP