Zhang Investor Law Announces Securities Class Action Lawsuit Against Yunji Inc. – YJ 

NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announcesa class action lawsuit on behalf of shareholders who bought shares of Yunji Inc. (NASDAQ:YJ) between pursuant and/or traceable to Yunjis Registration Statement issued in connection with Yunjis May 2019 initial public stock offering (the IPO or Offering), inclusive (the Class Period).

Metadata
Provider: 
GlobeNewswire, Inc.
Retrieved on: 
Monday, November 18, 2019
Information
Tags: 
Financial markets, Finance, Initial public offering, Economy, Civil law, Class action, Yunji, NASDAQ, Shareholder
Geotags: 
NEW YORK, NEW YORK, Us
Organisation: 
ZHANG INVESTOR LAW P.C.
Summary
Key Points: 
  • NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announcesa class action lawsuit on behalf of shareholders who bought shares of Yunji Inc. (NASDAQ:YJ) between pursuant and/or traceable to Yunjis Registration Statement issued in connection with Yunjis May 2019 initial public stock offering (the IPO or Offering), inclusive (the Class Period).
  • If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2020.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • To join the class action, http://zhanginvestorlaw.com/join-action-form/?slug=yunji-inc&id=2096 or call Sophie Zhang, Esq.



NEW YORK, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Yunji Inc. (NASDAQ:YJ) between pursuant and/or traceable to Yunji’s Registration Statement issued in connection with Yunji’s May 2019 initial public stock offering (the “IPO” or “Offering”), inclusive (the “Class Period”).

If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2020.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 

To join the class action, http://zhanginvestorlaw.com/join-action-form/?slug=yunji-inc&id=2096 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email [email protected] for information on the class action.

如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=yunji-inc&id=2096.  

According to the lawsuit,  throughout the Class Period, defendants and its senior executives presented false and misleading financial statements or omitted to disclose: (1) the Company was shifting certain of its sales to its marketplace platform; (2) this supply chain restructuring was likely to disrupt Yunji’s relationships with suppliers; (3) this supply chain restructuring was likely to have an adverse impact on the Company’s financial results; and (4) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class has not been certified.  You may retain counsel of your choice.  You may take no action at this time and be an absent class member.  Your ability to obtain a recovery is not dependent upon being a lead plaintiff.  

Zhang Investor Law represents investors worldwide.  Attorney Advertising.  Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
[email protected]
tel: (800) 991-3756

Primary Logo
Copyright: 
2019 GlobeNewswire, Inc.. All Rights Reserved.