{"id":380154,"date":"2020-11-12T15:32:38","date_gmt":"2020-11-12T20:32:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380154"},"modified":"2020-11-12T15:32:38","modified_gmt":"2020-11-12T20:32:38","slug":"shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/","title":{"rendered":"SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; IMPORTANT NOV. 30 DEADLINE- PT"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, Nov.  12, 2020  (GLOBE NEWSWIRE) &#8212; Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) pursuant and\/or traceable to the registration statement issued in connection with the Company\u2019s October 2018 initial public offering (the \u201cIPO\u201d), inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for Pintec Technology Holdings Limited investors under the federal securities laws.<\/p>\n<p>To join the class action, go <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_DzePB_iYeJMwJmlHqFKsOv9VF3jVCPZh-UvAFUjhzeIXWOq9HhpsDhoxK5Y44wTAOUoUQYwrk46EQjJHWpLeoo8rUzXYIx5OqxqFxEsS-XSoI2q-k03ZGjGaG_OFC6AWxWhwatMNrVs8sJ6UgFMoNbj8laWgJuTSm5tP0y6nIY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a> or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Qmzc9ijjDDWpAgn6-hnmCcZL_nlTNCjBc7s5drRrMfP_SbxNJlydpB6dgzch-N1ywih9sDzh9kzv8RzZu3UGESCLsbtuRIqz9FZdH15StIo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@pawarlawgroup.com<\/a>\u00a0for information on the class action.<\/p>\n<p>According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) the Company erroneously recorded revenue earned from certain technical service fees on a net basis, rather than a gross basis; (2) there were material weaknesses in Pintec\u2019s internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; (3) as a result of the foregoing, the Company\u2019s financial results for fiscal 2017 and 2018 had been misstated; and (4) as a result of the foregoing, defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects, were materially misleading and\/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n<p>If you wish to serve as lead plaintiff, you must move the Court no later than <strong>November <\/strong><strong>30<\/strong><strong>, 2020<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n<p>No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.<\/p>\n<p>Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<br \/>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<\/p>\n<p>Contact:\u00a0\u00a0<br \/>Vik Pawar, Esq.\u00a0\u00a0<br \/>Pawar Law Group\u00a0\u00a0<br \/>20 Vesey Street, Suite 1410\u00a0\u00a0<br \/>New York, NY 10007\u00a0\u00a0<br \/>Tel: (917) 261-2277\u00a0\u00a0<br \/>Fax: (212) 571-0938\u00a0\u00a0<br \/>info@pawarlawgroup.com\u00a0\u00a0<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTI4NCMzODI1MTA1IzIwODMxNDk=\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) &#8212; Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) pursuant and\/or traceable to the registration statement issued in connection with the Company\u2019s October 2018 initial public offering (the \u201cIPO\u201d), inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for Pintec Technology Holdings Limited investors under the federal securities laws. To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0info@pawarlawgroup.com\u00a0for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) the Company erroneously &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; IMPORTANT NOV. 30 DEADLINE- PT&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380154","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; IMPORTANT NOV. 30 DEADLINE- PT - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; IMPORTANT NOV. 30 DEADLINE- PT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) &#8212; Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) pursuant and\/or traceable to the registration statement issued in connection with the Company\u2019s October 2018 initial public offering (the \u201cIPO\u201d), inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for Pintec Technology Holdings Limited investors under the federal securities laws. To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0info@pawarlawgroup.com\u00a0for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) the Company erroneously &hellip; Continue reading &quot;SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; IMPORTANT NOV. 30 DEADLINE- PT&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T20:32:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTI4NCMzODI1MTA1IzIwODMxNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; 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The lawsuit seeks to recover damages for Pintec Technology Holdings Limited investors under the federal securities laws. To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0info@pawarlawgroup.com\u00a0for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) the Company erroneously &hellip; Continue reading \"SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; IMPORTANT NOV. 30 DEADLINE- PT\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-12T20:32:38+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NTI4NCMzODI1MTA1IzIwODMxNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-deadline-pawar-law-group-announces-a-securities-class-action-lawsuit-against-pintec-technologies-holdings-limited-pt-important-nov-30-deadline-pt\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Pintec Technologies Holdings Limited\u2013 PT; 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