An investigation on behalf of investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares over potential wrongdoing at DouYu International Holdings was announced.
San Diego, CA -- (SBWIRE) -- 02/19/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at DouYu International Holdings Limited.
Investors who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) and currently hold any of those DouYu International Holdings Limited (NASDAQ: DOYU shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain DouYu International Holdings Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. On July 16, 2019, DouYu International Holdings Limited (NASDAQ: DOYU) announced its pricing of its initial public offering ("IPO") of 67.38 million ADS shares at $11.5 per share for a gross total proceeds of approximately $775 million.
However, since the IPO, shares of DouYu International Holdings Limited (NASDAQ: DOYU) declined to as low as $7.41 per share on October 15, 2019.
Those who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.