Portnoy Law: Lawsuit Filed On Behalf of 9F, Inc. Investors
9F Inc. - American Depositary Shares (JFU)
Company Research
Source: GlobeNewswire
Click here to join the case LOS ANGELES, Sept. 30, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of 9F, Inc. ("9F" or "the Company") (NASDAQ: JFU) investors that acquired securities in relation to its August 15, 2019 initial public offering. Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. On August 15, 2019, 9F conducted its IPO, selling over 8 million ADS shares at $9.50 per share. It is alleged in this complaint that the Registration Statement failed to disclose that 9F was in a dispute with PICC, its insurance partner, which resulted in multiple legal actions in China. Additionally, the Registration Statement failed to disclose that PICC was delaying, challenging, and otherwise failing to pay service fees to 9F according to the parties' agreement, which rendered the colle
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Sec Filings
- 2/9/24 - Form SC
- 2/9/24 - Form SC
- JFU's page on the SEC website