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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 23, 2020 to file lead plaintiff applications in a securities class action lawsuit against Qudian Inc. (NYSE: QD).
Qudian and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 16, 2020, the Company disclosed the withdrawal of its fiscal 2019 guidance “due to uncertainty related to the recent regulatory and operating environment” including several regulatory developments in China’s online consumer finance industry.
On this news, the price of Qudian’s shares plummeted.
If you purchased securities of Qudian and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Stephen Bellingham, et al. v. Qudian Inc., et al., 20-cv-00577. Click here to read the case complaint.