Robbins LLP Announces 9F Inc. (JFU) Sued for Misleading Shareholders
9F Inc. - American Depositary Shares (JFU)
Company Research
Source: Business Wire
SAN DIEGO & BEIJING--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that a class action complaint was filed against 9F Inc. (NASDAQ: JFU) for violations of the Securities Act of 1933 on behalf of shareholders who acquired 9F Inc. shares pursuant to the Company's August 2019 initial public offering ("IPO"). 9F Inc., together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the People's Republic of China.If you have suffered a loss due to 9F Inc.'s misconduct, click here.9F Inc. (JFU) Accused of Misleading Shareholders9F conducted its IPO on August 15, 2019, selling over 8 million ADS shares for $9.50 per share. According to the complaint, the Registration Statement failed to disclose that 9F was in a dispute with its insurance partner, PICC, resulting in multiple legal actions in China. Further, the Registration Statement failed to disclose that PICC was challenging, delaying, and otherwi
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Sec Filings
- 2/9/24 - Form SC
- 2/9/24 - Form SC
- JFU's page on the SEC website