NEW YORK, 3rd September 2020 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors in Jiayin Group Inc. ("Jiayin" or the "Company") (NASDAQ: JFIN). We recommend that you contact these investors Robert S. Willoughby at the (Email protected) or 888-476-6529, ext. 7980.
The investigation concerns whether Jiayin and any of his officers and / or directors have committed securities fraud or other illegal business practices.
(Click here for information on how to participate in the class action.)
On September 2, 2020Jiayin issued a press release announcing the company's unaudited financial and operating results for the second quarter of 2020. Among other things, Jiayin reported sales for the quarter of 2020 $ 34.7 millionlack of consensus estimates by approximately $ 9.08 million.
In the news, Jiayin's share price fell $ 0.85 per share or 22.67% to close at $ 2.90 per share on September 2, 2020.
The Pomerantz company with offices in new York, Chicago, los Angeles, and Paris is recognized as a leader in corporate, securities and antitrust litigation. Established by the late Abraham L. PomerantzPomerantz Company, known as the dean of class action, pioneered class action lawsuits. Today, more than 80 years later, Pomerantz continues its tradition of fighting for the rights of victims of securities fraud, fiduciary violations and corporate misconduct. The company has received numerous millions of dollars in damages on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP