To participate in the LexinFintech class action, go to http://www.rosenlegal.com/cases-register-1936.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] Class action information.
According to the lawsuit, throughout the class period, defendants made false and / or misleading statements and / or failed to disclose that: (1) LexinFintech artificially reported low crime rates by providing new funds to late-payment borrowers to make payments ; (2) LexinFintech’s business model exposes shareholders to huge losses by prioritizing Chinese lenders for off-balance sheet loans. (3) LexinFintech has overdone its user base; (4) LexinFintech enabled peer-to-peer direct lending that violated Chinese law. (5) LexinFintech is involved in undisclosed related party transactions; (6) LexinFintech lacked adequate internal controls; and (7) as a result, the public statements made by the defendants at all relevant times were materially false and / or misleading. When the real details hit the market, the lawsuit alleged that investors suffered damage.
A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must move the court not later than 9. November 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. If you would like to join the litigation, visit http://www.rosenlegal.com/cases-register-1936.html or contact to discuss your rights or interests in relation to this class action lawsuit Phillip Kim, Esq. the law firm Rosen free of charge at 866-767-3653 or by email at [email protected] or [email protected].
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to get involved in a potential future recovery does not depend on being the lead plaintiff.
Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted one of the top 3 every year since 2013. The Rosen law firm has filed its largest class action lawsuit ever for securities against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel.: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA
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