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Yalla Group Limited (NYSE: YALA) Long Term Investor Notice: Investigation of potential Wrongdoing

10-30-2021 03:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Yalla Group Limited (NYSE: YALA) shares over possible breaches of fiduciary duty.

An investigation on behalf of investors in Yalla Group Limited (NYSE: YALA) shares over possible breaches of fiduciary duty.

An investigation was announced over possible breaches of fiduciary duties by certain directors of Yalla Group Limited was announced.

Investors who are investors in Yalla Group Limited (NYSE: YALA) 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: YALA stocks follows a lawsuit filed against Yalla Group Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: YALA stocks, concerns whether certain Yalla Group 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 Yalla Group Limited and its Chief Executive Officer made materially false and misleading statements regarding the Company’s business and financial metrics. Specifically, Defendants made false and/or misleading statements regarding, and/or failed to disclose that the Company overstated its user metrics and revenue and, as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Yalla Group Limited (NYSE: YALA) 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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