LOS ANGELES, Aug. 28, 2020 (GLOBE NEWSWIRE) – The law firm Portnoy is advising LexinFinTech ("LexinFinTech" or "Company") (NASDAQ: LX) investors that the law firm has and may be investigating possible securities fraud File class action lawsuits on behalf of investors.
Investors are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or email firstname.lastname@example.org to discuss their legal rights, or click here to join the case on www .portnoylaw.com. Portnoy law firm can provide a free case assessment and discuss investors' options for pursuing claims for reimbursement of their losses.
The investigation focuses on whether LexinFinTech has made misleading and / or false information and / or failed to disclose information that is relevant to investors. LexinFintech is the subject of a report released by Grizzly Research on August 25, 2020. According to the report, LexinFinTech reported crime rates that were "unfathomably low" by implementing a system of providing funds to borrowers who were in default to make their payments. This report also claims that LexinFinTech's web traffic is far too low to match its alleged growth rate. In response to this news, LexinFintech's shares fell sharply on the same day.
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Portnoy law firm represents investors in pursuing claims arising from corporate infringements. The company's founding partner has confiscated over $ 5.5 billion for aggrieved investors. Lawyer advertising. Previous results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Approved CA and NY bar