Robbins Arroyo LLP: Qudian Inc. (QD) Misled Shareholders According to a Recently Filed Class Action
Qudian Inc. American Depositary Shares, each representing one Class A Ordinary Share (QD)
NASDAQ:AMEX Investor Relations:
ir.qudian.com
Company Research
Source: Business Wire
SAN DIEGO & BEIJING--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Qudian Inc. (NYSE: QD) have filed a class action complaint against the company's officers and directors for alleged violations of the Securities Act of 1933 pursuant to the company's October 18, 2017 initial public offering ("IPO"). Qudian provides online small consumer credit in China. View this information on the law firm's Shareholder Rights Blog:www.robbinsarroyo.com/qudian-inc Qudian Accused of Engaging in Predatory Lending Practices On October 18, 2017, Qudian held its IPO, selling 37.5 million American Depositary Shares and raising net proceeds of approximately $900 million. The complaint alleges that Qudian's registration statement represented that the company had experienced rapid growth in revenues, net income, and active users in the years leading up to the IPO. Qudian
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QD
Sec Filings
- 4/29/24 - Form 20-F
- 3/18/24 - Form 6-K
- QD's page on the SEC website