Press release
Deadline on Nov. 9th coming up in Lawsuit for Investors in shares LexinFintech Holdings Ltd. (NASDAQ: LX)
A Deadline is coming up on November 9, 2020 in the lawsuit for certain investors in LexinFintech Holdings Ltd. (NASDAQ: LX).
Investors who purchased shares of LexinFintech Holdings Ltd. (NASDAQ: LX) have certain options and there are strict and short deadlines running. Deadline: November 9, 2020. NASDAQ: LX 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 District of Oregon over the plaintiff alleges on behalf of purchasers of LexinFintech Holdings Ltd. (NASDAQ: LX) common shares between April 30, 2019 and August 24, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 30, 2019 and August 24, 2020, the defendants made false and/or misleading statements and/or failed to disclose that LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments, that the Company’s business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans, that the Company exaggerated its user base, that the Company was facilitating direct peer to peer lending contrary to Chinese law, that the Company engaged in undisclosed related party transactions, that the Company lacked adequate internal controls, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of LexinFintech Holdings Ltd. (NASDAQ: LX) 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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