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 Qudian Inc. (“Qudian”) (NYSE: QD) American Depository Shares pursuant to the October 17, 2017 Initial Public Offering and/or between October 18, 2017 and November 20, 20.
The complaint alleges that the Registration Statement issued in connection with the IPO failed to disclose that: (1) Qudian engaged in unethical business and accounting practices; (2) Qudian failed to maintain adequate control to ensure the protection and safety of its users’ personal information; and (3) as a result, Qudian was exposing detailed user data to leakages and online resale.
If you suffered a loss in Qudian you have until February 12, 2018 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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