Jianpu Technology Inc

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Case Summary
Company Name: Jianpu Technology Inc
Stock Symbol : NYSE: JT
Class Period Start: 11/16/2017
Class Period End: 11/16/2017
Lead Plaintiff motion: 12/24/2018
Date Filed: 10/25/2018
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the December 24, 2018 lead plaintiff deadline in a class action lawsuit filed against Jianpu Technology Inc (NYSE: JT) (“Jianpu Technology” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Jianpu Technology securities pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Jianpu’s initial public offering on or about November 16, 2017 (the “IPO”), have until December 24, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Jianpu Technology securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the China Banking Regulatory Commission and three other Chinese regulators had issued rules in August 2016 requiring peer-to-peer (“P2P”) lending companies to, among other things, appoint qualified banking institutions as custodians and disclose their use of deposits; China created the Financial Stability and Development Committee to coordinate major financial reforms, as well as implement market regulation and monetary and industrial policy; the aforementioned would likely result in the disqualification of a significant majority of P2P lenders in China resulting in a dramatic reduction in the total number of existing, as well as potential, financial service providers that had been the primary source of Jianpu’s revenue.

On November 21, 2017, news outlets reported that China’s Financial Stability and Development Committee had issued an urgent notice to provincial governments urging them to suspend regulatory approval of new internet micro-loan companies.

On this news, NYSE: JT fell over 38% in three days and closed at $4.90 per share on November 24, 2017.

If you were negatively impacted by your investment in Jianpu Technology securities pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Jianpu’s initial public offering on or about November 16, 2017 (the “IPO”). and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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