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Investgiation announced for Investors in NASDAQ: YJ shares over possible Wrongdoing at Yunji Inc. (NASDAQ: YJ)

03-04-2020 12:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Yunji Inc. (NASDAQ: YJ) shares.

An investigation on behalf of current long term investors in Yunji Inc. (NASDAQ: YJ) shares.

An investigation on behalf of investors in shares of Yunji Inc. (NASDAQ: YJ) concerning potential breaches of fiduciary duties by certain directors and officers of Yunji Inc. was announced.

Investors who are investors in Yunji Inc. (NASDAQ: YJ) 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 NASDAQ: YJ stocks follows a lawsuit filed against Yunji Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: YJ stocks, concerns whether certain Yunji directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges 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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