DEADLINE TODAY: The Schall Law Firm Announces it is Investigating Claims Against Jianpu Technology Inc. & Encourages Investor...
December 24 2018 - 8:45AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Jianpu Technology Inc. (“Jianpu” or “the Company”)
(NYSE: JT) 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. Prior to Jianpu’s IPO in 2017, the China
Banking Regulatory Commission and other regulators issued rules in
2016 requiring peer-to-peer (P2P) lending companies to appoint
institutional banking custodians and disclose usage of deposits.
The country also set out to create the Financial Stability and
Development Committee to oversee reform and industry policy. These
government changes combined to result in a large reduction in the
number of current and potential peer-to-peer lending providers, the
main source of Jianpu’s revenue. Based on these facts, Jianpu’s
public comments and the Company’s IPO Registration Statement was
false and materially misleading throughout the IPO period. When the
market learned the truth about Jianpu, investors suffered
damages.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181224005027/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335Cell:
424-303-1964info@schallfirm.comwww.schallfirm.com
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