NASDAQ: YJ Investor Notice: Lawsuit Alleges Misleading Statements by Yunji Inc.
A lawsuit was filed on behalf of investors in Yunji Inc. (NASDAQ: YJ) shares over alleged securities laws violations.
San Diego, CA -- (SBWire) -- 11/20/2019 --An investor, who purchased shares of Yunji Inc. (NASDAQ: YJ), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by Yunji Inc. in connection with the Company's May 2019 initial public offering ("IPO").
Investors who purchased shares of Yunji Inc. (NASDAQ: YJ) have certain options and for certain investors are short and strict deadlines running. Deadline: January 13, 2020. NASDAQ: YJ investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
China based Yunji Inc. operates a social e-commerce platform in the People's Republic of China. In May 2019, Yunji Inc held its initial public offering ("IPO"), in which it sold 11 million American Depositary Shares ("ADSs") for $11 per share.
However, since the IPO, Yunji Inc stock has traded as low as $4.30 per share on November 11, 2019.
The plaintiff claims that the Defendants failed to disclose to investors, that the Company was shifting certain of its sales to its marketplace platform, that this supply chain restructuring was likely to disrupt Yunji's relationships with suppliers, that this supply chain restructuring was likely to have an adverse impact on the Company's financial results, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Yunji Inc. (NASDAQ: YJ) have certain options and should contact the Shareholders Foundation.
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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.
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