SHAREHOLDER ALERT: LX TCMD LOOP: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

ca.sports.yahoo.com
3 min read
difficult
NEW YORK, NY / ACCESSWIRE / October 22, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies.
If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Lexinfintech Holdings, Ltd. (NASDAQ:LX)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/lexinfintech-holdings-ltd-loss-submission-form?prid=10407&wire=1

Lead Plaintiff Deadline: November 9, 2020

This lawsuit is on behalf of shareholders who purchased or otherwise acquired: (a) Lexin American depositary shares pursuant and/or traceable to the Company's initial public offering conducted on or about December 21, 2017; or (b) Lexin securities between December 21, 2017 and August 24, 2020.

Allegations against LX include that: (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company's business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) the Company exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) the Company engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a…
ACCESSWIRE
Read full article