NEW YORK, April 7, 2020 /PRNewswire/ -- Bernstein Liebhard,
a nationally acclaimed investor rights law firm, announces that a
securities class action has been filed on behalf of investors that
purchased or acquired the securities of DouYu International
Holdings Limited ("DouYu" or the "Company") (NASDAQ: DOYU) pursuant
and/or traceable to the Company's Registration Statement issued in
connection with the Company's July 26,
2019 initial public offering (the "IPO" or the
"Offering"). The lawsuit was filed in the United States District Court for the
Central District of California and
alleges violations of the Securities Act of 1933.
If you purchased DouYu securities, and/or would like to
discuss your legal rights and options please visit DouYu
Shareholder Class Action or contact Matthew
E. Guarnero toll free at (877) 779-1414 or
MGuarnero@bernlieb.com.
The Complaint alleges that the Defendants made false and/or
misleading statements and/or failed to disclose that: (1) DouYu's
risks related to its top streamers had materialized, including
that: (a) a top streamer was actively misrepresenting herself on
DouYu's platform; and (b) the costs associated with retaining top
streamers was swelling; (2) DouYu did not ensure that all of its
products were fully compliant with current regulatory requirements
before those products became available on line; and (3) key
interactive features of DouYu's "lucky draw" were noncompliant with
current regulatory requirements, requiring DouYu to remove them
from operations, which negatively impacted user engagement activity
and caused disappointing financial results.
If you wish to serve as lead plaintiff, you must move the Court
no later than May 26, 2020. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. Your ability to share in any
recovery doesn't require that you serve as lead plaintiff. If you
choose to take no action, you may remain an absent class
member.
If you purchased DouYu securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/douyuinternationalholdingslimited-doyu-shareholder-class-action-lawsuit-stock-fraud-270/apply/
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or
MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP