24.07.2021 22:11

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against 360 DigiTech, Inc.

Werbung

RADNOR, Pa., July 24, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces to investors of 360 DigiTech, Inc. (NASDAQ:  QFIN) ("360 DigiTech") that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired 360 DigiTech securities between April 30, 2020 and July 7, 2021, inclusive (the "Class Period").

KTMC Logo (PRNewsfoto/Kessler Topaz Meltzer & Check, LLP)

Deadline Reminder:  Investors who purchased or acquired 360 DigiTech securitiesduring the Class Period may, no later than September 13, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP:  James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail atinfo@ktmc.com; orclick https://www.ktmc.com/360-digitech-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=360_digitech

360 DigiTech, through its subsidiaries, operates a digital consumer finance platform under the 360 Jietiao brand in the People's Republic of China ("PRC"). Its platform provides online consumer finance products to the borrowers funded by institutional funding partners. Throughout the Class Period, the defendants touted 360 DigiTech's customer data protection practices and security systems that protect user information and abide by other network security requirements under such laws and regulations.

The truth was revealed on July 8, 2021, when reports circulated on social media to the effect that 360 DigiTech's core product, the 360 IOU app, had been removed from major app stores. The reports came on the heels of the removal of other companies' apps as Chinese regulators investigated their customer data protection practices. For example, an article published by the 21st Century Business Herald on July 8, 2021 indicated that "[t]he reason for the removal may be related to the discussion with the central bank and other financial regulators on April 29 this year about 13 Internet financial platforms and requesting rectification."

Following this news, 360 DigiTech's stock price fell $7.12 per share, or 21.48%, to close at $26.02 per share on July 8, 2021.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) 360 DigiTech had been collecting personal information in violation of relevant PRC laws and regulations; (2) accordingly, 360 DigiTech was exposed to an increased risk of regulatory scrutiny and/or enforcement action; and (3) as a result, 360 DigiTech's public statements were materially false and misleading at all relevant times.

360 DigiTech investors may, no later than September 13, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kessler-topaz-meltzer--check-llp-reminds-investors-of-deadline-for-securities-fraud-class-action-lawsuit-filed-against-360-digitech-inc-301340210.html

SOURCE Kessler Topaz Meltzer & Check, LLP

Nachrichten zu 360 Finance Inc (A) American Depositary Share Repr 2 Shs -A-

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu 360 Finance Inc (A) American Depositary Share Repr 2 Shs -A-

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
Keine Analysen gefunden.
mehr Analysen
Werbung
Werbung
Werbung
Werbung
Börse Stuttgart Anlegerclub
Werbung

360 Finance A Peer Group News

Keine Nachrichten gefunden.

Heute im Fokus

DAX geht unter 15.500 Punkten ins Wochenende -- US-Börsen schließen schwächer -- Cerberus: Interesse an Commerzbank-Staatsanteil -- Vonovia, Deutsche Wohnen, Biotest im Fokus

Drägerwerk: Aussicht auf höhere Dividende. Weiter verschärft: Daimler Truck leidet unter Halbleiter-Engpässen. Tesla-Chef Musk kommt zum Tag der offenen Tür nach Deutschland. Deutsche Bank-Aktie: Sewing entschuldigt sich für scharfe Kritik in Analysten-Studie. HOCHTIEF-Tochter CIMIC erhält Auftrag für Western Sydney Airport. Stimmung der US-Verbraucher hellt sich im September auf. E.ON-Chef setzt auf Netze als Treiber der Energiewende.

Die 5 beliebtesten Top-Rankings

Diese Jobs werden künftig Roboter übernehmen
Billiger als der Mensch.
Bei diesen Unternehmen gibt es in Deutschland das höchste Gehalt
Bei diesen Unternehmen gibt es in Deutschland das höchste Gehalt
Rohstoffe: Die Gewinner und Verlierer im August 2021
Welcher Rohstoff macht das Rennen?
Die 30 weltgrößten Unternehmen
Es gibt hunderte milliardenschwere Unternehmen. Die Top 30.
Jobs mit Zukunft und hohem Gehalt
Hier wird man auch künftig noch gut bezahlt
mehr Top Rankings

Umfrage

Wenn morgen Bundestagswahl wäre, wen würden Sie wählen?

finanzen.net zero
finanzen.net zero

Oskar

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln