An investigation on behalf of current long term investors in Qudian Inc. (NYSE: QD) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/27/2020 -- Certain directors of Qudian Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are investors in Qudian Inc. (NYSE: QD) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: QD stocks follows a lawsuit filed against Qudian Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: QD stocks, concerns whether certain Qudian directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that regulatory developments in China threatened to negatively impact Qudian's fiscal full year 2019 ("FY19") financial results, that Qudian's business was unprepared to mitigate the risks associated with these regulatory changes, that as a result, Qudian's loan portfolio was plagued by growing delinquency rates, that all of the foregoing made Qudian's repeated assertions concerning its FY19 financial guidance unrealistic, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Qudian Inc. (NYSE: QD) have certain options and should contact the Shareholders Foundation.
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