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Press release content from Business Wire. The AP news staff was not involved in its creation.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of KE Holdings Inc. (BEKE) Investors

January 10, 2022 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 10, 2022--

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired KE Holdings Inc. (“KE Holdings” or the “Company”) (NYSE: BEKE ) American depository shares (“ADS”) between August 13, 2020 and December 16, 2021, inclusive (the “Class Period”). KE Holdings investors have until February 28, 2022 to file a lead plaintiff motion.

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If you suffered a loss on your KE Holdings investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/ke-holdings-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On December 16, 2021, Muddy Waters Research, a market analyst, released a report alleging multiple problems with KE Holdings, stating that the Company is “engaged in systemic fraud,” and that its research showed that KE Holdings was overstating the agents and stores on its platforms; its gross transaction value (“GTV”); and its revenues, among other wrongdoing.

On this news, KE Holdings’ share price fell $0.37, or 1.98%, to close at $18.31 per share on December 16, 2021, thereby injuring investors.

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The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants: (1) inflated the Company’s GTV; (2) inflated the Company’s revenues; (3) inflated the number of stores and agents using the Company’s platform; and (4) that, as a result, of the foregoing, defendants’ statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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If you purchased or otherwise acquired KE Holdings ADSs during the Class Period, you may move the Court no later than February 28, 2022 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220110005132/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2022.

PUB: 01/10/2022 10:00 AM/DISC: 01/10/2022 10:02 AM

http://www.businesswire.com/news/home/20220110005132/en