A Deadline is coming up on October 16, 2017 in the lawsuit for investors in ZTO Express (Cayman) Inc (ADR) (NYSE:ZTO).
San Diego, CA -- (SBWIRE) -- 10/16/2017 -- A deadline is coming up on October 16, 2017 in the lawsuit filed for certain investors in NYSE:ZTO shares concerning alleged violations of securities laws by ZTO Express (Cayman) Inc.
Investors who purchased shares of ZTO Express (Cayman) Inc (ADR) (NYSE:ZTO) should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of ZTO Express (Cayman) Inc (ADR) (NYSE:ZTO) common shares, who purchased their NYSE:ZTO shares in connection with the Company's October 27, 2016 IPO, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the IPO Registration Statement and Prospectus contained allegedly materially false and misleading information, and failed to disclose that that ZTO Express (Cayman) Inc was improperly inflating its stated profit margins by keeping certain low-margin segments of its business out of its financial statements. The plaintiff alleges that ZTO Express (Cayman) Inc failed to disclose that it used a system of "network partners" to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations. By keeping the "network partners" businesses off its own books, the Company allegedly was able to exaggerate its profit margins to investors.
Those who purchased shares of ZTO Express (Cayman) Inc (ADR) (NYSE:ZTO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego