Yirendai Ltd
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Yirendai Ltd |
Stock Symbol : | NYSE: YRD |
Class Period Start: | 05/11/2016 |
Class Period End: | 08/24/2016 |
Lead Plaintiff motion: | 10/25/2016 |
Date Filed: | 08/25/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Central District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 25, 2016 lead plaintiff deadline in a class action lawsuit filed against Yirendai Ltd (NYSE: YRD) (“Yirendai” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Yirendai Ltd securities between May 11, 2016 and August 24, 2016, have until October 25, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Yirendai Ltd 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 Yirendai was experiencing increasing fraud related to customer applications for its loan products; the implementation of new anti-fraud regulations by the Chinese government could have a negative impact on Yirendai's performance; consequently, Yirendai's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis. On August 24, 2016, Bloomberg reported that China imposed limits on peer-to-peer lending and placed a new regulations cap on individual borrowing at 1 million yuan. Following this news, NYSE: YRD fell $6.92 per share, or 22%, to close at $24.52 per share on August 24, 2016. If you were negatively impacted by your investment in Yirendai Ltd securities between May 11, 2016 and August 24, 2016 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |