The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Yalla Group Limited (NYSE: YALA) securities between September 30, 2020 and August 9, 2021.
According to the Yalla Group lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: the Company overstated its user metrics and revenue and, as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Yalla Group you have until October 12, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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