(English) LexinFintech Holdings Ltd.
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against LexinFintech Holdings Ltd. – LX
New York, N.Y., October 2, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of LexinFintech Holdings Ltd. (NASDAQ: LX) (i) pursuant and/or traceable to LexinFintech’s initial public offering (“IPO”) conducted on or about December 21, 2017; and/or (ii) between December 21, 2017 and August 24, 2020, inclusive (the “Class Period”)
To join the LX class action, go to http://zhanginvestorlaw.com/cases/lexinfintech-holdings-ltd/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, throughout the Class Period (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) LexinFintech’s business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) LexinFintech exaggerated its user base; (4) LexinFintech was facilitating direct peer to peer lending contrary to Chinese law; (5) LexinFintech engaged in undisclosed related party transactions; (6) LexinFintech lacked adequate internal controls; and (7) as a result, defendants’ public statements were materially false and/or misleading 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 November 9, 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/lexinfintech-holdings-ltd/ 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.