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Investigation for Long-Term Investors in shares of Qudian Inc. (NYSE: QD) announced

04-22-2020 12:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Qudian Inc. (NYSE: QD) shares.

An investigation on behalf of current long term investors in Qudian Inc. (NYSE: QD) shares.

An investigation was announced for current long-term investors in NYSE: QD shares concerning potential breaches of fiduciary duties by certain directors of Qudian Inc..

Investors who are current long term 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 current long term 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.

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

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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