LX Alert: Johnson Fistel Launches Investigation into LexinFintech - Investors Suffering Losses Encouraged to Contact Firm

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Sep 09, 2020, 18:32 ET

SAN DIEGO, Sept. 9, 2020 /PRNewswire/ --

Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against LexinFintech Holdings Ltd. (NASDAQ: LX) ("LexinFintech" or the "Company") for violations of federal securities laws.

On August 25, 2020, Grizzly Research issued a research report on LexinFintech. Grizzly alleged, among other things, that LexinFintech reported "unfathomably low" delinquency rates by giving borrowers in default new funds to make payments. The report also stated, "Our review of basic web traﬃc analysis leads us to question if the purported volume by LX is even real in the ﬁrst place."

Specifically, Johnson Fistel's investigation seeks to determine whether the Company issued false or misleading statements or failed to disclose information pertinent to investors.

If you have information that could assist in this investigation, or if you are a LexinFintech shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP