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Deadline on May 4th coming up in Lawsuit for Investors in DouYu International Holdings Limited (NASDAQ: DOYU)

04-28-2020 10:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on May 4, 2020 in the lawsuit for certain investors in DouYu International Holdings Limited (NASDAQ: DOYU)

A Deadline is coming up on May 4, 2020 in the lawsuit for certain investors in DouYu International Holdings Limited (NASDAQ: DOYU)

The Shareholders Foundation announced that a deadline is coming up on May 4, 2020 in the lawsuit filed for certain investors of DouYu International Holdings Limited (NASDAQ: DOYU) over alleged securities laws violations by DouYu International Holdings Limited.

Investors who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) have certain options and there are strict and short deadlines running. Deadline: May 4, 2020. NASDAQ: DOYU stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of DouYu International Holdings Limited (NASDAQ: DOYU) pursuant and/or traceable to DouYu's July 18, 2019 initial public offering, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that DouYu's registration statement contained statements that were materially inaccurate, misleading, and/or incomplete because they failed to disclose that DouYu's risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu's platform, and (b) the costs associated with retaining top streamers was swelling, that DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available on line, and that key interactive features of DouYu's "lucky draw" were noncompliant with current regulatory requirements, requiring DouYu International Holdings Limited to remove them from operations, which negatively impacted user engagement activity and caused disappointing financial results

Those who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) 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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