NEW YORK, July 14, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City announces it is investigating ZTO Express (Cayman) Inc. (NYSE:ZTO)("ZTO" or the "Company") for possible violations of federal securities laws.
The investigation is based on whether ZTO and its executives violated federal securities law by misleading investors by making false and/or misleading statements regarding the Company's business, operational and compliance policies.
On October 27, 2016, ZTO raised $1.4 billion by conducting a public offering (the "Offering") of 72,100,000 American Depository Shares ("ADSs") at $19.50 per share. ZTO's registration statement and prospectus filed with the U.S. Securities and Exchange Commission in support of the Offering portrayed a positive picture of its business, performance, prospects, and acreage. ZTO also emphasized its strong operating leverage, superior profitability, and rapid growth. The investigation concerns whether ZTO was falsely manipulating its stated profit margins above industry norms by keeping low-margin segments of its business out of its financial statements. Since the Offering, ZTO's ADS price has dropped about 25%.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses.
Click here for more information: http://monteverdelaw.com/securities/. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341
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SOURCE Monteverde & Associates PC
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