Archived Investigations
Jayud Global Logistics Limited (NasdaqCM: JYD)
Jayud and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company was the subject of a fraudulent stock promotion “pump-and-dump” scheme involving social media-based misinformation and impersonated financial professionals; (ii) insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (iii) the Company’s public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity elevating the stock price; and (iv) as a result of the foregoing, defendants’ positive statements about Jayud’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The case is Lindstrom v. Jayud Global Logistics Limited, et al., Case No. 25-cv-09662.