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Class Action News

Levi & Korsinsky Announces Jianpu Technology Lawsuit; JT Class Action

Levi & Korsinsky

November 5, 2018

NEW YORK, November 5, 2018 – Levi & Korsinsky, LLP announces a class action on behalf of holders of American Depositary Shares of Jianpu Technology Inc. (“Jianpu”) (NYSE: JT) who purchased shares pursuant and/or traceable to Jianpu’s initial public offering on or about November 16, 2017. You are hereby notified that the Jianpu lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information about the JT class action go to: https://www.zlk.com/pslra-1/jianpu-technology-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that the Company’s IPO offering materials contained inaccurate statements of material fact and/or omitted material information required to be disclosed in order to make such statements not misleading, including failure to disclose that the China Banking Regulatory Commission and three other Chinese regulators had issued rules in 2016 requiring peer-to-peer lending companies to appoint qualified banking institutions as custodians and disclose their use of deposits. On November 21, 2017, news outlets reported that China’s Financial Stability and Development Committee (“FSDC”) had issued an urgent notice to provincial governments urging them to suspend regulatory approval of new internet micro-loan companies. Following this news, Jianpu’s shares fell over 38% in three days and closed at $4.90 per share on November 24, 2017.

If you suffered a loss in Jianpu you have until December 24, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com