INVESTOR ALERT: DouYu International Holdings Limited (DOYU) Class Action

CHESTNUT HILL, MA / ACCESSWIRE / March 25, 2020 / Sokolove Law announces an investigation into a securities class action lawsuit filed against DouYu International Holdings Limited (NASDAQ:DOYU) on behalf shareholders. DOYU investors who purchased stock during the IPO on July 18, 2019 or up to December 31, 2019 who are interested in learning more about the class action lawsuit should call 800-306-0939 to explore their legal rights. Time is extremely limited- shareholders are encouraged to call without delay.

For more information visit: DOYUFraud.com

DouYu International Holdings Limited (DOYU) is a game-focused live streaming platform in China and a major company in the eSports platform as well. DouYu operates its platform on PC and mobile apps, through which users can play interactive games and live stream entertainment.

The lawsuit in question against DouYu alleges that the IPO Registration Statement and Prospectus the company and other defendants used to ultimately secure over $489 million in net proceeds from investors hid extensive problems at the company. DouYu allegedly concealed that its top streamer was actively misrepresenting herself and costs associated with retaining top streamers was ballooning. DouYu also allegedly did not ensure that all of its products were fully compliant with current regulatory requirements before the products were made available online and key features of DouYu's "Lucky Draw" were non-compliant with current regulatory requirements.

If you are a DOYU investor who purchased shares during the IPO on July 18, 2019 or up to December 31, 2019, call our experienced case managers now at 800-306-0939 to discuss your legal rights in this securities fraud class action lawsuit.

The class has not been certified yet. You are not represented by an attorney until certification occurs. If you do not take action you can remain an absent class member. There is no required minimum number of shares to be a class member.

About Sokolove Law

Sokolove Law provides quality legal services that help people obtain access to the civil justice system. For more than 40 years, Sokolove Law has worked to educate people about their legal rights and helped thousands of injured parties obtain the compensation they deserved from their legal claims. Sokolove Law is a national law firm with offices and a licensed attorney in nearly every state. The firm operates as a limited liability company in all states except Virginia, California, Michigan and Tennessee, where it operates as a limited liability partnership. For more information on Sokolove Law, please visit www.sokolovelawfirm.com

THIS IS AN ADVERTISEMENT Sokolove Law, LLC, 1330 Boylston St, Suite 400, Chestnut Hill, MA 02467. Ricky LeBlanc admitted in MA only. While this firm maintains joint responsibility, most cases of this type are referred to other attorneys for principal responsibility. This is general information only and should not be taken or relied on as legal, medical, or other advice. No attorney-client or other professional relationship is created by providing or using this information. Prior results do not guarantee a similar outcome. ©2020 Sokolove Law, LLC

SOURCE: Sokolove Law, LLC

ReleaseID: 582538