Press release
Deadline on November 15th coming up in Lawsuit for Investors in Waterdrop Inc. (NYSE: WDH)
A Deadline is coming up on November 15, 2021 in the lawsuit for certain investors in Waterdrop Inc. (NYSE: WDH).
Investors who purchased shares of Waterdrop Inc. (NYSE: WDH) have certain options and there are strict and short deadlines running. Deadline: November 15, 2021. NYSE: WDH 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 Waterdrop Inc. (NYSE: WDH) American Depositary Shares (“ADSs”) pursuant and/or traceable to the IPO, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that the IPO’s Registration Statement failed to disclose that Waterdrop was the subject of an intense regulatory investigation and pending crackdown by Chinese authorities because of a variety of market abuses perpetrated by Waterdrop used to artificially inflate Waterdrop’s short-term financial results in the lead up to the IPO, including, among other things operating insurance platforms without proper governmental authorizations, mispricing risks for consumers; and (iii) illicitly using client information.
The plaintiff further alleges that, unbeknownst to investors, the reason that Waterdrop had discontinued its mutual aid segment was because it had been ordered to do so by Chinese regulators. Furthermore, Waterdrop had suffered rapidly accelerating operating losses in the first quarter of 2021 which was completed weeks before the IPO.
Those who purchased shares of Waterdrop Inc. (NYSE: WDH) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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