JT Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Jianpu Technology, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm
JT Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Jianpu Technology, Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm
PR Newswire
NEW YORK
,
Feb. 19, 2021
/PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Jianpu Technology, Inc. (“Jianpu” or the “Company”) (NYSE: JT) American Depositary Shares (“ADSs” or “shares”) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Jianpu securities between
May 29, 2018
and
February 16, 2021
, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site:
www.bgandg.com/jt
.
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 materially false and/or misleading statements, and failed to disclose to investors that: (1) that certain of the Company’s transactions carried out by the Credit Card Recommendation Business Unit involved undisclosed relationships or lacked business substance; (2) that, as a result, Jianpu’s revenue and costs and expenses for fiscal 2018 and 2019 were overstated; (3) that there were material weaknesses in Jianpu’s internal control over financial reporting; (4) that, as a result of the foregoing, the Company’s fiscal 2018 Form 20-F was reasonably likely to be restated; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site:
www.bgandg.com/jt
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 Jianpu you have until
April 19, 2021
to request that the Court appoint you as lead plaintiff. 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 |
[email protected]
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SOURCE Bronstein, Gewirtz & Grossman, LLC