Add as a preferred source on GoogleRosen Seeks Yiren Digital Investors for Proposed Securities Class Action
The firm is examining allegations of materially misleading business information. Yiren’s American depositary shares fell 44% on Oct. 12 after the company said it had learned of a police notice concerning CEO Ning Tang.
Rosen Law Firm is investigating potential securities claims involving Yiren Digital Ltd. (NYSE: YRD) and is preparing a proposed class action seeking recovery of investor losses.
Rosen Law Firm is investigating whether Yiren may have provided materially misleading business information to investors. The company’s American depositary shares fell 44% on Oct. 12, when Yiren said it had learned of a police notice stating that Executive Chairman and CEO Ning Tang had been subject to criminal compulsory measures.
The notice linked the measures to an investigation involving certain affiliates of Yiren’s controlling shareholder. Rosen invited people who purchased Yiren securities to contact attorney Phillip Kim at 866-767-3653 or case@rosenlegal.com about the prospective case.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.