Scott+Scott Attorneys at Law LLP Announces the Filing of a Securities Class Action Against X Financial (XYF)
X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF)
Last x financial american depositary shares, each representing six class a ordinary shares earnings: 3/18 05:20 pm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against X Financial (“X Financial” or the “Company”) (NYSE: XYF), certain of its officers and directors, and the underwriters of the Company’s September 2018 initial public offering (“IPO”), alleging violations of federal securities laws. If you purchased X Financial American Depository Shares (“ADSs”) pursuant and/or traceable to the Company’s IPO on or about September 19, 2018, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 for more information. X Financial is a financial technology company based in Shenzhen, China, that operates a peer-to-peer platform that matches borrowers with lenders.The lawsuit alleges that the Company (and other named defendants) misled investors by failing to disclose that, among other things: (1) the Company’s total loan facil
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