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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Chindata Group Holdings Limited - CD

Chindata Group Holdings Limited - American Depositary Shares (CD) 
Company Research Source: GlobeNewswire
NEW YORK, Jan. 23, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Chindata Group Holdings Limited (“Chindata” or the “Company”) (NASDAQ: CD).   Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Chindata and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On December 3, 2021, Chindata issued a press release “announc[ing] its Chief Executive Officer (“CEO”), Mr. Jing Ju, effective immediately, would no longer serve in the CEO position, or member of the Company's Compensation Committee and the Corporate Governance and Nominating Committee” and that “Mr. Fei Xu will serve as the interim CEO, while the search for a permanent CEO will commence immediately.”  On this news, Chindata’s stock price fell $2.90 per share, or 32.88%, Show less Read more
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