Qudian Inc.Join this Class Action
Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Qudian Inc. (NYSE: QD) pursuant to and/or traceable to the Registration Statement and Prospectus issued in connection with Qudian’s initial public offering on or about October 18, 2017, resulting from allegations that Qudian may have issued materially misleading business information to the investing public.
If you purchased shares of Qudian securities pursuant to and/or traceable to Qudian’s initial public offering and would like to join the action, please click “Join This Class Action” above.
SHAREHOLDER ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Qudian Inc. – QD
New York, N.Y., January 8, 2018. Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Qudian Inc. (NYSE: QD) pursuant to and/or traceable to the Registration Statement and Prospectus issued in connection with Qudian’s initial public offering on or about October 18, 2017 (the “IPO”). The lawsuit seeks to recover damages for Qudian investors under the federal securities laws.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that (1) Qudian’s loan collection practices were materially deficient and/or nonexistent, as it treated bad loans as welfare; and (2) Qudian’s data systems and procedures were materially inadequate to safeguard sensitive borrower data against breach, and breaches had occurred. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 12, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/qudian-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar of Pawar Law Group toll free at 917-261-2277 or via e-mail at email@example.com.Join this Class Action