Levi & Korsinsky, LLP announces that a YJ class action lawsuit has been filed on behalf of investors who purchased Yunji Inc. (YJ) securities between May 2, 2019 and January 1, 3000. For more on the YJ Lawsuit please contact us today.
According to the Yunji Inc. 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.
If you suffered a loss in Yunji Inc. 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.