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Class Action Cases

A class action has been filed on behalf of YJ Investors. Click "Join this Class Action" above.

Attorneys

Yunji Inc.

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Zhang Investor Law announces that a class action lawsuit has been filed on behalf of shareholders who bought shares of Yunji Inc. (NASDAQ: YJ) pursuant and/or traceable to Yunji’s Registration Statement issued in connection with Yunji’s May 2019 initial public stock offering (the “IPO” or “Offering”) (the “Class Period”). The lawsuit seeks to recover damages for Yunji Inc. investors under the federal securities laws.

If you bought Yunji Inc. securities between pursuant and/or traceable to Yunji’s Registration Statement issued in connection with Yunji’s May 2019 initial public stock offering (the “IPO” or “Offering”), and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Yunji Inc. – YJ 

New York, N.Y., January 13, 2020. Zhang Investor Law announces  a class action lawsuit on behalf of shareholders who bought shares of Yunji Inc. (NASDAQ:YJ) between pursuant and/or traceable to Yunji’s Registration Statement issued in connection with Yunji’s May 2019 initial public stock offering (the “IPO” or “Offering”), inclusive (the “Class Period”).

To join the YJ class action, go to http://zhanginvestorlaw.com/cases/yunji-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.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 A LEAD PLAINTIFF TO OBTAIN COMPENSATION.

According to the lawsuit, throughout the Class Period:  (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, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 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/yunji-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 info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.