INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against PPDAI Group Inc. & Encourages ...
September 28 2018 - 11:11AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of PPDAI Group Inc. (“PPDAI” or “the Company”) (NYSE:
PPDF) for violations of §§10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. PPDAI administered an IPO in November 2017,
issuing 17 million ADSs at $13 per ADS. Shortly after the IPO was
completed, Chinese government regulators issued an order banning
new peer-to-peer licenses, blaming illegal and/or improper
practices by companies such as PPDAI including high interest rates
and illegal collections for the decision. Based on this news, the
Company’s ADS price fell more than 24% on November 22, 2017.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180928005374/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
PPDAI (NYSE:PPDF)
Historical Stock Chart
From Aug 2024 to Sep 2024
PPDAI (NYSE:PPDF)
Historical Stock Chart
From Sep 2023 to Sep 2024