Levi & Korsinsky Announces Qudian Class Action Investigation; QD Lawsuit

Class Action Reports

Levi & Korsinsky Announces Qudian Class Action Investigation; QD Lawsuit

Levi & Korsinsky, LLP

February 10, 2020

Levi & Korsinsky, LLP announces that a QD class action lawsuit has been commenced on behalf of investors who purchased Qudian Inc. (QD) securities between December 13, 2018 and January 15, 2020. For more on the Qudian Class Action please contact us today.

According to the Qudian lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) regulatory developments in China threatened to negatively impact Qudian’s fiscal full year 2019 (“FY19”) financial results; (2) Qudian’s business was unprepared to mitigate the risks associated with these regulatory changes; (3) as a result, Qudian’s loan portfolio was plagued by growing delinquency rates; (4) all of the foregoing made Qudian’s repeated assertions concerning its FY19 financial guidance unrealistic; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.

TO LEARN MORE ABOUT THE QD CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/qudian-inc-loss-form?prid=5351&wire=9

If you suffered a loss in Qudian you have until March 23, 2020 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

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com