SAN DIEGO, Dec. 03, 2018 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Jianpu Technology Inc. (NYSE: JT) shares over alleged Securities Laws Violations by Jianpu Technology Inc. in connection with the Company’s initial public offering (the “IPO”) on or about November 16, 2017.
Investors in shares of Jianpu Technology Inc. (NYSE: JT) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The plaintiff alleges that the Registration Statement and Prospectus for the IPO contained allegedly inaccurate statements of material fact and/or omitted material information required to be disclosed in order to make such statements not misleading. More specifically, the plaintiff claims that the Registration Statement and Prospectus failed to disclose, among other things, that the China Banking Regulatory Commission and three other Chinese regulators had issued rules in August 2016 requiring peer-to-peer lending companies to, among other things, appoint qualified banking institutions as custodians and disclose their use of deposits, and that China had determined to create the Financial Stability and Development Committee under its State Council to coordinate major financial reforms, as well as to implement market regulation and monetary and industrial policy, all of which would likely result in the disqualification of a significant majority of peer-to-peer lenders in China resulting in a dramatic reduction in the total number of existing, as well as potential, financial service providers that had been the primary source of Jianpu’s revenue.
Those who purchased Jianpu Technology Inc. (NYSE: JT) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.