Portnoy Law: Lawsuit Filed On Behalf of 360 DigiTech, Inc. Investors
to join the case
LOS ANGELES, July 22, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of 360 DigiTech, Inc. (“DigiTech” or “the Company”) (NASDAQ: QFIN) investors that acquired securities between the class period.
It is alleged in this complaint that DigiTech issued misleading and/or false statements and/or failed to disclose information pertinent to investors. According to multiple reports and social media posts on July 8, 2021, the 360 IOU app, DigiTech’s main product, was removed from major app stores. This removal follows the removal of other apps targeted by the Chinese government. Shares of DigiTech fell by more than 21% on the same day, based on this news.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
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