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Stock impact report

DouYu (DOYU) Class Action Alert: Johnson Fistel Encourages Investors to Contact Firm

DouYu International Holdings Limited - American Depositary Shares (DOYU) 
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am Check Earnings Report
Company Research Source: GlobeNewswire
SAN DIEGO, March 16, 2020 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of shareholders of DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ: DOYU). The class action is on behalf of shareholders who purchased DouYu common stock pursuant or traceable to the July 18, 2019, initial public stock offering (the "IPO"). If you wish to serve as lead plaintiff in this class action, you must move the Court no later than May 4, 2020. [Click here to join this action] The lawsuit alleges that DouYu's registration statement contained statements that were materially inaccurate, misleading, and incomplete because they failed to disclose that: (1) DouYu's risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu's platform, and (b) the costs associated with retaining top streamers was swelling; (2) DouYu did not ensure Show less Read more
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