SAN DIEGO, CA / ACCESSWIRE / February 2, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in 9F Inc. (NASDAQ:JFU) shares.
Investors who have losses in excess of $100,000 from their investment in shares of 9F Inc. (NASDAQ: JFU) have certain options and there are short and strict deadlines running. Deadline: March 22, 2021. Those NASDAQ: JFU investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
The plaintiff alleges that the materials supporting the initial public stock offering (the "IPO") of 9F Inc in August 2019, and defendants throughout between August 14, 2019 and September 29, 2020, made false and/or misleading statements and/or failed to disclose that the purported value and benefits of the Company's financial institution partners and its tri-party cooperation business model did not in fact exist and/or were materially overstated, given that 9F and Property and Casualty Company Limited ("PICC") had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement, that the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment, that there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners, that as a result of the foregoing, the Company's platform, business model, reputation and financial results had been materially impaired, and that as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased 9F Inc. (NASDAQ: JFU) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.