NEW YORK, December 4, 2020 (GLOBE NEWSWIRE) – Rosen Law Firm, a global investor rights law firm, reminds buyers of JOYY Inc. securities (NASDAQ: YY), between April 28, 2016 and November 18, 2020, including (the “Class Period”), of the important deadline of January 19, 2021 for the lead applicant in the class action lawsuit filed by the company. The lawsuit is aimed at seeking damages for JOYY investors under federal securities laws.
To participate in the JOYY class action, visit http://www.rosenlegal.com/cases-register-1988.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information about the class action.
According to the lawsuit, defendants made false and / or misleading statements during the Class period and / or failed to disclose that: (1) JOYY dramatically exaggerated its earnings from live streaming sources; (2) the majority of users at any one time were bots; (3) JOYY used these bots to run a round-tripping plan that created the appearance of revenue; (4) JOYY overestimated its cash reserves; (5) JOYY’s acquisition of Bigo was largely intended to benefit business insiders; and (6) as a result, defendants’ public statements were materially inaccurate and / or misleading at all relevant times. When the real details hit the market, the lawsuit alleges investors suffered damage.
A class action lawsuit has already been filed. If you want to act as chief prosecutor, you have to move the court not later than January 1st9, 2021. A lead applicant is a representative who acts on behalf of other group members in directing the lawsuit. To join the lawsuit, please visit http://www.rosenlegal.com/cases-register-1988.html or contact Phillip Kim, Esq to inquire about your rights or interests in relation to this class action. discuss. from Rosen Law Firm toll-free at 866-767-3653 or by email at [email protected] or [email protected]
NO LESSON YET HAS BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A LESSON IS CERTIFIED YOU WILL NOT BE REPRESENTED BY THE COUNSEL UNLESS YOU RETAIN ONE. YOU CAN RETAIN THE BOARD OF YOUR CHOICE. YOU CAN ALSO STAY AN ABSENCE MEMBER AND DO NOTHING ON THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POSSIBLE FUTURE RECOVERY DOES NOT DEPEND ON SERVING AS A MAIN CLAIMER.
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Rosen Law Firm represents investors around the world and focuses its practice on class actions and shareholder derivatives disputes. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for the number of class action securities settlements in 2017. The firm has been in the top 3 every year since 2013. Rosen Law Firm has reached the largest securities classification settlement ever against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a comparable result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
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