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Stock impact report

Investor Alert: Kaplan Fox Announces Investigation Of DouYu International

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: PR Newswire
NEW YORK, April 3, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ: DOYU), a Chinese company that provides a live-streaming video-game platform.  A class action securities lawsuit has been filed on behalf of investors who purchased shares in or traceable to the Company's initial public offering ("IPO").  On or about July 18, 2019, DouYu completed its IPO by issuing 67,387,110 American Depositary Shares ("ADSs") priced at $11.50 per ADS. The complaint alleges that the offering documents for the IPO failed to disclose that (1) a top streamer was actively misrepresenting herself on DouYu's platform, (2) the costs associated with retaining top streamers was swelling, (3) DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available on line, and (4) key interactive feat Show less Read more
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