NEW
YORK, July 21, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of DouYu
International Holdings Limited (NASDAQ: DOYU).
To receive updates on the lawsuit, fill out
the form:
https://claimyourloss.com/securities/douyu-class-action-loss-submission-form/?id=42384&from=4
The lawsuit seeks to recover losses for shareholders who
purchased DouYu between April 30,
2021 and May 9, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 8, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, DouYu International Holdings
Limited issued materially false and/or misleading statements and/or
failed to disclose that: (1) the Chinese government, due to
concerns about issues such as video game and computer addiction, as
well as content challenging its authority, could become
increasingly aggressive towards DouYu regardless of how effective
or sincere its attempts to comply with Chinese law were; (2) this
increasingly aggressive posture subjected DouYu to a heightened
risk of an investigation and subsequent government enforcement
action and ultimately resulted in enforcement action; and (3); as a
result, defendants' statements about its business, operations, and
prospects, were materially false and misleading and/or lacked a
reasonable basis at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law