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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

(BEKE) Alert: Did You Lose Money on Your KE Holdings Investment? Contact Johnson Fistel Regarding Investigation

December 17, 2021 GMT

SAN DIEGO, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by KE Holdings Inc. (“KE” or the “Company”) (NYSE: BEKE).

On December 16, 2021, Muddy Waters Research, a short seller, released a report alleging multiple problems with KE. Muddy Waters stated, “We are short BEKE because we conclude the Company is engaged in systemic fraud, by our estimate, inflating its new home sales GTV by over ~126% and its commission revenues by approximately ~77–96%. We found massive discrepancies between the transaction volumes, store count and agent count reported to investors and the transaction data from our multi-month data collection program from BEKE’s platform. We corroborated these discrepancies by spot-checking our findings through primary due diligence on BEKE’s stores, including field interviews and site visits.”

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If you have information that could assist in this investigation, including past employees and others, or a KE shareholder interested in learning more about the investigation, please contact Jim Baker ( jimb@johnsonfistel.com ) by email or phone at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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