Levi & Korsinsky Announces Yunji Class Action Investigation; YJ Lawsuit

Class Action Reports

Levi & Korsinsky Announces Yunji Class Action Investigation; YJ Lawsuit

Levi & Korsinsky, LLP

December 2, 2019

Levi & Korsinsky, LLP announces that a YJ class action lawsuit has been commenced on behalf of investors who purchased Yunji Inc. (YJ) pursuant and/or traceable to the Company’s initial public offering in May 2019. For more on the Yunji Class Action please contact us today.

According to the Yunji lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was shifting certain of its sales to its marketplace platform; (2) this supply chain restructuring was likely to disrupt Yunji’s relationships with suppliers; (3) this supply chain restructuring was likely to have an adverse impact on the Company’s financial results; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE YJ CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/yunji-inc-loss-form?prid=4602&wire=9

If you suffered a loss in Yunji you have until January 13, 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