INVESTOR ACTION ALERT: The Schall Law Firm Reminds Investors of Class Action Lawsuit Against Jianpu Technology Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
PR Newswire
LOS ANGELES
,
March 25, 2021
/PRNewswire/ —
The Schall Law Firm
, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Jianpu Technology Inc. (“Jianpu” or “the Company”) (NYSE: JT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule
10b
-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between
May 29, 2018
and
February 16, 2021
, inclusive (the ”Class Period”), are encouraged to contact the firm before
April 19, 2021
.
If you are a shareholder who suffered a loss,
click here to participate
.
We also encourage you to contact
Brian Schall
of the Schall Law Firm, 2049 Century Park East, Suite 2460,
Los Angeles, CA
90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at
www.schallfirm.com
, or by email at
[email protected]
.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Jianpu’s Credit Card Recommendation Business Unit engaged in transactions involving undisclosed related parties or lacking in business substance. As a result, the Company’s revenues, costs, and expenses for fiscal 2018 and 2019 were overstated. The Company suffered from material weaknesses in its internal controls over financial reporting. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Jianpu, investors suffered damages.
Join the case
to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
,
www.schallfirm.com
Office: 310-301-3335
[email protected]
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SOURCE The Schall Law Firm