Deadline on June 26th coming up in Lawsuit for Investors in shares of Phoenix Tree Holdings Limited (NYSE: DNK)

A deadline is coming up on June 26, 2020 in the lawsuit filed for certain investors of Phoenix Tree Holdings Limited (NYSE: DNK) over alleged securities laws violations by Phoenix Tree Holdings Limited.

Investors who purchased shares of Phoenix Tree Holdings Limited (NYSE: DNK) have certain options and there are strict and short deadlines running. Deadline: June 26, 2020. NYSE: DNK stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Phoenix Tree Holdings Limited (NYSE: DNK) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Offering Materials issued in connection with the IPO omitted or otherwise misrepresented the nature and level of renter complaints the Company had received before and as of the IPO, as well as the demand in the Chinese residential rental market and the Company’s exposure to significant adverse developments resulting from the onset of the coronavirus in China – particularly in Wuhan – at the time of the IPO. After the IPO, reports emerged indicating that Phoenix was experiencing ongoing problems due to the coronavirus, which was causing financial and other harm to tenants.

Those who purchased shares of Phoenix Tree Holdings Limited (NYSE: DNK) have certain options and should contact the Shareholders Foundation.

Media Contact:
Christopher Clausen
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.

This release was published on openPR.