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DouYu is facing a class action lawsuit alleging that the Company made materially false and/or misleading statements and/or failed to disclose that: as of the initial public offering: (i) DouYu’s risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu’s platform;and (b) costs associated with retaining top streamers was swelling; (ii) DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available online; and (iii) key interactive features of DouYu’s “lucky draw”were non-compliant with current regulatory requirements.
If you incurred a loss on DOYU stocks purchased in the initial public offering pursuant and/or traceable to the documents used by defendants to conduct the initial public offering, this lawsuit is on your behalf. The lawsuit was filed in the the United States District Court for the Central District of California, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until May 26, 2020 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
Fill out the form below to be contacted by a representative of Jakubowitz Law.
See If you Qualify for Monetary Reward
Loss Submission Form