LOS ANGELES, Jan. 22, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against 9F Inc. (“9F” or “the Company”) (NASDAQ: JFU) for violations of the federal securities laws.
Investors who purchased the Company’s securities pursuant and/or traceable to the Company’s August 14, 2019 initial public offering (the “IPO”), or between August 14, 2019 and September 29, 2020, are encouraged to contact the firm before March 22, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. 9F touted value and benefits to its financial institution partners and tri-party cooperation business model that did not exist. In fact, the Company and Property and Casualty Company Limited (“PICC”) were engaged in an ongoing dispute regarding payment of service fees. The Company’s collectability of service fees from PICC was at serious risk of non-payment. There was also significant risk that PICC would discontinue credit insurance and guarantee protection to investors and institutional funding partners. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about 9F, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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