Press release
January 13th Deadline in Lawsuit for Investors in shares of Yunji Inc. (NASDAQ: YJ) coming up
A Deadline is coming up on January 13, 2020 in the lawsuit for certain investors in Yunji Inc. (NASDAQ: YJ).
Investors who purchased shares of Yunji Inc. (NASDAQ: YJ) have certain options and there are strict and short deadlines running. Deadline: January 13, 2020. NASDAQ: YJ stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com 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.
According to the complaint the plaintiff alleges, that the defendants violated Federal Securities Laws. More specifically, 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.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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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