Scott+Scott Attorneys at Law LLP Announces Investigation into Jianpu Technology Inc. (JT) on Behalf of Investors
NEW YORK, Oct. 2, 2018 /PRNewswire/ -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is investigating whether Jianpu Technology Inc. ("Jianpu" or the "Company") (NYSE: JT) or certain of its officers and directors violated federal securities laws. If you purchased Jianpu American Depository Shares ("ADS") and have suffered a loss, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.
Jianpu is a Chinese fintech company (termed the "Bankrate of China") that primarily generates revenue though a mobile platform that recommends loans underwritten by Chinese subprime lenders, such as Qudian Inc. ("Qudian"), PPDAI Group Inc. ("PPDAI"), and others.
Jianpu held its Initial Public Offering on November 16, 2017. Just one week later, on November 21, 2017, Chinese regulators issued an administrative order banning the issuance of new online peer-to-peer licenses, citing improper and illegal practices by typical Jianpu lenders such as Qudian and PPDAI, including extremely high-interest rates, illegal collections, and lack of risk management.
On this news, the price of Jianpu ADS dropped over 30%, from a close of $7.40 per share on November 20, 2017 down to a close of $4.90 per share on Nov. 24, 2017.
As of the date of this release, Jianpu is trading below $5.00 per share.
What You Can Do
If you purchased Jianpu ADS and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at [email protected], or visit the Jianpu investigation page on our website at https://scott-scott.com/investigation/jianpu-technology-inc/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17th Fl, NY, NY 10169
(844) 818-6982
[email protected]
SOURCE Scott+Scott Attorneys at Law LLP
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