According to the lawsuit, defendants made materially false and/or misleading statements and or failed to disclose that:
- Jayud Global Logistics Ltd. was the subject of a fraudulent stock promotion scheme involving social media-based misinformation and impersonated financial professionals;
- insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign;
- Jayud’s public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity driving the stock price; and
- 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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