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 mail@shareholdersfoundation.com 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.
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 contact 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.