IMPORTANT EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Yirendai Ltd. and Reminds Investors with Losses In Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 1, 2016 / Lundin Law PC (the “Firm”) announces the filing of a class action lawsuit against Yirendai Ltd. (“Yirendai” or the “Company”) (NYSE: YRD) concerning possible violations of federal securities laws between May 11, 2016 and August 24, 2016 (the “Class Period”). Ivestors who purchased or otherwise acquired shares during the Class Period should contact the Firm before the October 25, 2016 lead
plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that Yirendai made false and/or misleading statements and/or failed to disclose: that the Company was experiencing increasing fraud related to customer applications for its loan products; that the implementation of new anti-fraud regulations by the Chinese government could have a negative impact on Yirendai’s performance; and that as a result of the above, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis. On August 24, 2016, Bloomberg reported that China imposed limits on peer-to-peer lending and placed a new regulations cap on individual borrowing at 1 million yuan. When this news was released to the public, the stock price of Yirendai dropped, which caused investors harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125 
brian@lundinlawpc.com
http://lundinlawpc.com/

Source: Lundin Law PC

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