DouYu International Holdings Limited
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of DouYu International Holdings Limited (NASDAQ: DOYU) pursuant and/or traceable to DouYu’s July 18, 2019 initial public offering (the “Class Period”). The lawsuit seeks to recover damages for DouYu International Holdings Limited investors under the federal securities laws.
If you bought DouYu International Holdings Limited securities between pursuant and/or traceable to DouYu’s July 18, 2019 initial public offering, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against DouYu International Holdings Limited – DOYU
New York, N.Y., March 14, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of DouYu International Holdings Limited (NASDAQ: DOYU) pursuant and/or traceable to DouYu’s July 18, 2019 initial public offering, inclusive (the “Class Period”).
To join the DOYU class action, go to http://zhanginvestorlaw.com/cases/douyu-international-holdings-limited/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE LEAD PLAINTIFF IN ORDER TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) DouYu’s risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu’s platform, and (b) the costs associated with retaining top streamers was swelling; (2) DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available on line; and (3) key interactive features of DouYu’s “lucky draw” were noncompliant with current regulatory requirements, requiring DouYu to remove them from operations, which negatively impacted user engagement activity and caused disappointing financial results.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 26, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/douyu-international-holdings-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.