LOS ANGELES–(BUSINESS WIRE) – Glancy Prongay & Murray LLP ("GPM"), a premier national shareholder rights law firm, announced today that it has been working on behalf of LexinFintech Holdings Ltd. ("LexinFintech" or the "Company") (NASDAQ) has initiated an investigation. LX) Investors regarding possible violations by the company of federal securities laws.
If you have suffered a loss on your LexinFintech investment or would like to inquire about whether you may be able to make claims to recover your loss under federal securities laws, you can find your contact information at https://www.glancylaw.com/cases / lexinfintech-holdings submit -GmbH /. You can also contact Charles H. Linehan of GPM at 310-201-9150, toll free at 888-773-9224, or email at Shareholder@glancylaw.com to learn more about your rights.
On August 25, 2020, Grizzly Research released a report claiming, among other things, that LexinFintech "reports artificially low crime rates by essentially providing new means of payment to borrowers who are already in arrears" and that the company Undisclosed payments make party transactions. The report also questioned the company's alleged growth, citing a review of LexinFintech's web traffic.
In that news, the company's share price fell $ 0.47, or 5%, to close at $ 8.04 per share on August 25, 2020, harming investors.
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Whistleblower: Individuals with nonpublic information about LexinFintech should review their options to assist with the investigation or to use the SEC's whistleblower program. Under the program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. For more information, please contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email Shareholders@glancylaw.com.
Glancy Prongay & Murray LLP is a leading law firm serving investors and consumers in securities disputes and other complex class action lawsuits. ISS Securities Class Action Services consistently rated GPM in its annual SCAS Top 50 report. In 2018, GPM was ranked one of the top five law firms for number of class action settlements for securities and one of the top six law firms for overall size of settlements in US dollars. With four offices across the country, GPM's nearly 40 attorneys have made breakthrough decisions, reclaiming billions of dollars for investors and consumers in securities, antitrust, consumer and employment lawsuits. GPM's attorneys have handled cases covering a wide range of corporate misconduct, including cases involving financial adjustments, internal control weaknesses, earnings management, fraudulent profit policies and forward-looking statements, auditor misconduct, insider trading, violations of FDA regulations Affected are actions that lead to FDA and DOJ, investigations and many other forms of corporate misconduct. GPM's attorneys have worked on securities cases affecting nearly every industry and sector in the financial markets, including energy, consumer discretionary, consumer staples, real estate and REITs, finance, insurance, information technology, healthcare, biotechnology, cryptocurrency, medical devices, and many more . GPM's past successes have been extensively covered by leading news and industry publications such as The Wall Street Journal, Financial Times, Bloomberg Businessweek, Reuters, Associated Press, Barrons, Investor's Business Daily, Forbes and Money .
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