PHOENIX TREE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Phoenix Tree Holdings Limited and Encourages Investors to Contact the Firm
Phoenix Tree Holdings Limited (DNK)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Phoenix Tree Holdings Limited (NYSE: DNK) securities pursuant and/or traceable to the Company’s January 22, 2020 initial public offering (the “IPO” or “Offering”). Investors have until June 26, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.Click here to participate in the action.Phoenix Tree, a holding company that leases and manages apartments in China, held its initial public offering (“IPO”) for its American Depositary Shares (“ADS”) on January 22, 2020, in which it sold 9.6 million ADS at $13.50 per share.The complaint, filed on April 24, 2020, alleges that the IPO materials misrepresented and/or failed to disclose the nature and level of renter complaints that Phoenix Tree had
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