Monthly Archives: January 2020

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Southwest Airlines Co. (LUV)

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Southwest Airlines Co. ("Southwest" or the Company") (NYSE:LUV). Investors who purchased Southwest securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/luv.

The investigation concerns whether Southwest and certain of its officers and/or directors have violated federal securities laws.

On January 30, 2020, the Wall Street Journal published an article entitled "Southwest Flew Millions on Jets With Unconfirmed Maintenance Records, Government Report Says." Citing "a government report to be released in coming days," the article reported, among other things, that "Southwest pilots flew more than 17 million passengers on planes with unconfirmed maintenance records over roughly two years, and in 2019 smashed both wingtips of a jet on a runway while repeatedly trying to land amid gale-force winds" and that "FAA managers in the Dallas-area office that supervises Southwest routinely allowed the carrier ‘to fly aircraft with unresolved safety concerns.'" On this news, Southwest's stock price fell $1.06 per share, or 1.86%, to close at $55.83 per share on January 30, 2020.

If you are aware of any facts relating to this investigation, or purchased Southwest shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/luv. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 574786

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of BZUN, OPRA and QD

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Baozun Inc. (NASDAQ:BZUN)
Class Period: Baozun American Depository Receipts between March 6, 2019 and November 20, 2019
Lead Plaintiff Deadline: February 10, 2020

The BZUN lawsuit alleges that throughout the class period, Baozun Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) Baozun was heavily reliant upon a single brand partner, Huawei, for the exponential service fee growth it had been reporting historically, which was in turn fueling its historical revenue growth; (b) compared to other brands Baozun had as brand partners, the Huawei work had historically included a lot of additional add-on service fees, increasing the revenue reported from Huawei vis-a-via its other brand partners; (c) Huawei, like other large brands, was actively preparing to bring its online merchandising in-house, meaning Baozun knew that it was losing a significant brand partner; and (d) as a result of the foregoing, the Company was not on track to achieve the financial results and performance Defendants claimed the Company was on track to achieve during the class period.

Learn about your recoverable losses in BZUN: http://www.kleinstocklaw.com/pslra-1/baozun-inc-loss-submission-form?id=5388&from=1

Opera Limited (NASDAQ:OPRA)
Class Period: (a) Opera American depositary shares pursuant and/or traceable to the Company's initial public offering commenced on or about July 27, 2018 and/or (b) Opera securities between July 27, 2018 and January 15, 2020,
Lead Plaintiff Deadline: March 24, 2020

The complaint alleges that throughout the class period Opera Limited made materially false and/or misleading statements and/or failed to disclose that: (i) Opera's sustainable growth and market opportunity for its browser applications was significantly overstated; (ii) Defendants' funded, owned, or otherwise controlled loan services applications and/or businesses relied on predatory lending practices; (iii) all the foregoing, once revealed, were reasonably likely to have a material negative impact on Opera's financial prospects, especially with respect to its lending applications' continued availability on the Google Play Store; and (iv) as a result, the Offering Documents and Defendants' statements were materially false and/or misleading and failed to state information required to be stated therein.

Learn about your recoverable losses in OPRA: http://www.kleinstocklaw.com/pslra-1/opera-limited-loss-submission-form?id=5388&from=1

Qudian Inc. (NYSE:QD)
Class Period: December 13, 2018 to January 15, 2020
Lead Plaintiff Deadline: March 23, 2020

The complaint alleges that during the class period Qudian Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) regulatory developments in China threatened to negatively impact Qudian's fiscal full year 2019 ("FY19") financial results; (ii) Qudian's business was unprepared to mitigate the risks associated with these regulatory changes; (iii) as a result, Qudian's loan portfolio was plagued by growing delinquency rates; (iv) all of the foregoing made Qudian's repeated assertions concerning its FY19 financial guidance unrealistic; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in QD: http://www.kleinstocklaw.com/pslra-1/qudian-inc-loss-submission-form?id=5388&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 574805

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Hanmi Financial Corporation (HAFC)

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hanmi Financial Corporation ("Hanmi" or the Company") (NASDAQ:HAFC). Investors who purchased Hanmi securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/hafc.

The investigation concerns whether Hanmi and certain of its officers and/or directors have violated federal securities laws.

On January 28, 2020, Hanmi issued a press release announcing the Company's financial results for the fourth fiscal quarter of 2019. Therein, Hanmi reported net income of $3.1 million for the quarter, which included "a $6.9 million specific provision for loan and lease losses related to [a] previously identified $39.7 million troubled loan relationship." According to Hanmi's President and Chief Executive Officer Bonnie Lee, "[w]ith the loans comprising this relationship maturing on December 31, 2019, [Hanmi] received current appraisals on the personal property securing the relationship and ha[s] provided for a specific allowance at the lower range of the appraised values." On this news, Hanmi's stock price fell $1.77 per share, or 9.43%, to close at $16.99 per share on January 29, 2020.

If you are aware of any facts relating to this investigation, or purchased Hanmi shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/hafc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 574785

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Spirit AeroSystem Holdings, Inc. (SPR)

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Spirit AeroSystem Holdings, Inc. ("Spirit" or the Company") (NYSE:SPR). Investors who purchased Spirit securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/spr.

The investigation concerns whether Spirit and certain of its officers and/or directors have violated federal securities laws.

In December 2019, Spirit AeroSystems commenced a review of its accounting process compliance and determined that it did not comply with established accounting processes related to certain potential contingent liabilities. Then, on January 30, 2019, Spirit AeroSystems announced the resignations of both its Chief Financial Officer and Principal Accounting Officer for failure to comply with accounting rules on contingencies. On this news, Spirit's stock price fell $2.62 per share, or 3.87%, to close at $65.02 per share on January 30, 2020.

If you are aware of any facts relating to this investigation, or purchased Spirit shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/spr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 574784

Bronstein, Gewirtz & Grossman, LLC Announces Grand Canyon Education, Inc. (LOPE) Investigation

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Grand Canyon Education, Inc. ("Grand Canyon" or the Company") (NASDAQ:LOPE). Investors who purchased Grand Canyon securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/lope.

The investigation concerns whether Grand Canyon and certain of its officers and/or directors have violated federal securities laws.

On January 28, 2020, the investment analyst Citron Research ("Citron") issued a report on Grand Canyon Education entitled "GCE, the Educational Enron." The Citron report alleged that Grand Canyon was improperly using a "captive, non-reporting subsidiary to hide its liabilities," thereby "artificially inflat[ing] the [company's] stock price." On this news, Grand Canyon's stock price fell sharply during intraday trading on January 28, 2020.

If you are aware of any facts relating to this investigation, or purchased Grand Canyon shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/lope. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484
info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC
 

ReleaseID: 574782

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of ADMS, MMSI and FCAU

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Adamas Pharmaceuticals, Inc. (NASDAQGM:ADMS)

Investors Affected : August 8, 2017 – September 30, 2019

A class action has commenced on behalf of certain shareholders in Adamas Pharmaceuticals, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) health insurers were excluding Adamas's primary product, GOCOVRI, from their prescription formularies or requiring patients to use "step therapy" – i.e., making patients try immediate-release amantadine prior to covering GOCOVRI; (2) the rapid increase in physicians prescribing GOCOVRI during the Class Period was not due to its efficacy; and (3) as a result of the foregoing, the Company's financial statements about Adamas's business, operations, and prospects were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/adamas-pharmaceuticals-inc-loss-submission-form/?id=5387&from=1

Merit Medical Systems, Inc. (NASDAQ:MMSI)

Investors Affected : February 26, 2019 – October 30, 2019

A class action has commenced on behalf of certain shareholders in Merit Medical Systems, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the integrations of acquired companies Cianna Medical, Inc. and Vascular Insights, LLC, including their products, sales people, and R&D facilities, had caused operational disruptions and reduced sales and were months behind schedule; (b) sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during FY19; and (c) in light of the foregoing, the Company's reported financial guidance for FY19 and FY20 was made without a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/merit-medical-systems-inc-loss-submission-form/?id=5387&from=1

Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Investors Affected : February 26, 2016 – November 20, 2019

A class action has commenced on behalf of certain shareholders in Fiat Chrysler Automobiles NV. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat officials were aware of and authorized the scheme; and (3) as a result, Defendants' statements about Fiat's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/fiat-chrysler-automobiles-n-v-loss-submission-form/?id=5387&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

ReleaseID: 574801

FINAL DEADLINE – Fiat Chrysler Automobiles N.V. (FCAU) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: January 31, 2020

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Fiat Chrysler Automobiles N.V. ("Fiat Chrysler" or the "Company") (NYSE:FCAU) and certain of its officers, on behalf of shareholders who purchased Fiat Chrysler securities between February 26, 2016 and November 20, 2019, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/fcau.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Fiat employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with International Union, United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat official were aware of and authorized the scheme; and (3) due to the foregoing, defendants' statements about Fiat's receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/fcau or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Fiat Chrysler you have until January 31, 2020 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC

ReleaseID: 574143

CPR Cell Phone Repair Widens Reach with the Opening of a New Store in Bessemer, AL

CPR Provides Fast, Affordable Repairs for Phones, Tablets, Laptops and Game Consoles

INDEPENDENCE, OH / ACCESSWIRE / January 31, 2020 / CPR Cell Phone Repair, the largest and fastest-growing mobile device repair franchise network in North America, would like to announce they are expanding services in Alabama with a new store in Bessemer. CPR congratulates Kelly McMahan on the opening of his latest franchise store.

To learn more about CPR Cell Phone Repair Bessemer, please visit: https://www.cellphonerepair.com/bessemer-al/.

"On behalf of the CPR network, I am excited to congratulate Kelly McMahan on the opening of his second CPR store in Bessemer, Alabama. As ‘Rookie of the Year,' Kelly has worked tirelessly to bring his customers unparalleled service. We wish Kelly and his team continued success," said Chris Jourdan, Director of Franchise Operations.

Bessemer, AL, is an up and coming, largely populated suburb of the Birmingham-Hoover Metropolitan area. Residents and visitors celebrate Bessemer culture with local cuisine at numerous restaurants, the Central Alabama Caribbean Festival, Jazz in the Park, and multiple museums. Bessemer was once a mining and railroad car manufacturing hub but has since become a diverse blend of different industries. The city welcomes new companies and businesses as it continues to experience economic growth. CPR Bessemer is conveniently located along 13th Avenue in a busy shopping center.

"As a locally owned and operated CPR Cell Phone Repair store, we aim to offer the absolute best service possible," said Kelly McMahan on the opening of his new store. "If you receive anything less, I will personally handle it myself."

Kelly is a graduate of Samford University and has been a Hoover, AL resident for the past ten years. He resides there with his wife, Dermatology PA Grace McMahan. The couple is expecting their first child in June of 2020. When Kelly isn't working, he enjoys hunting, mountain biking, and exercising. Kelly is also a member of both the Hoover and Bessemer Chambers of Commerce. People can learn more about the services Kelly and his CPR Bessemer team provides by contacting the store at the details provided below.

CPR Cell Phone Repair Bessemer, AL is located at:
1827 13th Ave N
Suite B
Bessemer, AL 35020

Please contact the store at 205-434-4449 or via email: repairs@cpr-bessemer.com
Please visit the website: https://www.cellphonerepair.com/bessemer-al/

Kelly's other store is:

CPR Cell Phone Repair Hoover
3049 John Hawkins Pkwy.
Hoover, AL 35244
205-558-9355
https://www.cellphonerepair.com/hoover-al

About CPR Cell Phone Repair:

Founded in Orlando, FLA. in 1996, CPR Cell Phone Repair is the fastest-growing mobile repair franchise in North America and operates in over 850 locations internationally. As a pioneer and leader in the electronics repair industry, CPR offers same-day repair and refurbishing services for cell phones, laptops, gaming systems, digital music players, tablets, and other personal electronic devices. In 2020, CPR was named in Entrepreneur Magazine's Franchise 500 for the fifth consecutive year. Additionally, CPR was ranked in the top 50 of the list and placed second in the Electronics Repairs and Sales franchise business category. For more information about CPR Cell Phone Repair and franchise opportunities, visit https://www.cellphonerepair.com/ or call 877-856-5101.

Contact:

Mark Sweeterman
msweeterman@merrymtg.com
216-674-0645 X617

SOURCE: CPR Cell Phone Repair

ReleaseID: 574797

INVESTOR ALERT – Geron Corporation (GERN) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: March 23, 2020

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Geron Corporation ("Geron" or the Company") (NASDAQ:GERN) and certain of its officers, on behalf of shareholders who purchased Geron securities between March 19, 2018 and September 26, 2018, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site:www.bgandg.com/gern.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) misled investors about the results of a clinical drug study of imetelstat called IMbark; and (2) as a result, defendants' statements about Geron's business, operations, and prospects were materially false and misleading and lacked a reasonable basis at all relevant times.

If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/gern or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Geron you have until March 23, 2020 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 574357

INVESTOR ALERT – Qudian Inc. (QD) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: March 23, 2020

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Qudian Inc. ("Qudian" or the Company") (NYSE:QD) and certain of its officers, on behalf of shareholders who purchased Qudian securities between December 13, 2018 through January 15, 2020, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site:www.bgandg.com/qd.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) regulatory developments in China threatened to negatively impact Qudian's fiscal full year 2019 ("FY19") financial results; (2) Qudian's business was unprepared to mitigate the risks associated with these regulatory changes; (3) as a result, Qudian's loan portfolio was plagued by growing delinquency rates; (4) all of the foregoing made Qudian's repeated assertions concerning its FY19 financial guidance unrealistic; and (5) as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times.

If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/qd or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Qudian you have until March 23, 2020 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 574354