{"id":385632,"date":"2020-11-19T16:23:49","date_gmt":"2020-11-19T21:23:49","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385632"},"modified":"2020-11-19T16:23:49","modified_gmt":"2020-11-19T21:23:49","slug":"hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud"},"content":{"rendered":"
\n

SAN FRANCISCO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges JOYY Inc. (<\/strong>N<\/strong>ASDAQ<\/strong>: <\/strong>YY<\/strong>)<\/strong> investors with significant losses to submit your losse<\/a>s<\/a>now<\/a>. The firm is investigating possible securities law violations and certain investors may have valuable claims.<\/p>\n

\n Relevant Holding <\/strong>
\n Period:<\/strong> Before Nov. 18, 2020
Visit<\/strong>:<\/strong>hbsslaw.com\/invest<\/a>o<\/a>r-fraud\/<\/a>J<\/a>O<\/a>Y<\/a>Y<\/a>
Contact An Attorney Now<\/strong>:<\/strong>JOYY@hbsslaw.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916<\/strong>–<\/strong>0895<\/strong><\/p>\n

\n JOYY Inc. <\/strong>
\n (<\/strong>
\n YY<\/strong>
\n ) <\/strong>
\n Investigation:<\/strong>\n <\/p>\n

The investigation centers on the accuracy of JOYY\u2019s public statements concerning its component businesses and financial condition.<\/p>\n

More specifically, on Nov. 18, 2020, Muddy Waters Capital <\/em>published a scathing report, \u201cYY: You Can\u2019t Make This Stuff Up. Well\u2026Actually You Can.\u201d<\/p>\n

According to the report, JOYY is a multibillion-dollar fraud, its component businesses are a fraction of the size it reports, and the company\u2019s user metrics, revenues, and cash balances are mostly fraudulent.<\/p>\n

Over the course of a year, Muddy Waters <\/em>conducted a lengthy forensic study of JOYY and concludes approximately 84% of the company\u2019s consolidated revenue appears fraudulent, and its YY Live, Bigo, and online dating service are substantially fraudulent.<\/p>\n

This news sent the price of JOYY American Depositary Shares crashing lower on Nov. 18, 2020.<\/p>\n

\u201cWe\u2019re focused on investors\u2019 losses and whether JOYY may have misled investors about its operations and financial results,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a JOYY investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, click here to discuss your legal rights with Hagen<\/a>s<\/a> Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>Persons with non-public information regarding JOYY should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844<\/strong>–<\/strong>916<\/strong>–<\/strong>0895<\/strong> or email JOYY@hb<\/a>sslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
Hagens Berman is a national law firm with nine offices in eight cities around the country, and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

\n Contact<\/u>
\n :<\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges JOYY Inc. (NASDAQ: YY) investors with significant losses to submit your lossesnow. The firm is investigating possible securities law violations and certain investors may have valuable claims. Relevant Holding Period: Before Nov. 18, 2020Visit:hbsslaw.com\/investor-fraud\/JOYYContact An Attorney Now:JOYY@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916–0895 JOYY Inc. ( YY ) Investigation: The investigation centers on the accuracy of JOYY\u2019s public statements concerning its component businesses and financial condition. More specifically, on Nov. 18, 2020, Muddy Waters Capital published a scathing report, \u201cYY: You Can\u2019t Make This Stuff Up. Well\u2026Actually You Can.\u201d According to the report, JOYY is a multibillion-dollar fraud, its component businesses are a fraction of the size it reports, and the company\u2019s user metrics, … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud”<\/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-385632","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud - 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\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges JOYY Inc. (NASDAQ: YY) investors with significant losses to submit your lossesnow. The firm is investigating possible securities law violations and certain investors may have valuable claims. Relevant Holding Period: Before Nov. 18, 2020Visit:hbsslaw.com\/investor-fraud\/JOYYContact An Attorney Now:JOYY@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916–0895 JOYY Inc. ( YY ) Investigation: The investigation centers on the accuracy of JOYY\u2019s public statements concerning its component businesses and financial condition. More specifically, on Nov. 18, 2020, Muddy Waters Capital published a scathing report, \u201cYY: You Can\u2019t Make This Stuff Up. Well\u2026Actually You Can.\u201d According to the report, JOYY is a multibillion-dollar fraud, its component businesses are a fraction of the size it reports, and the company\u2019s user metrics, … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T21:23:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTU0OCMzODM2NzIxIzIwMTg1MzI=\" \/>\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\\\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud\",\"datePublished\":\"2020-11-19T21:23:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\\\/\"},\"wordCount\":401,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4OTU0OCMzODM2NzIxIzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud - 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(NASDAQ: YY) investors with significant losses to submit your lossesnow. The firm is investigating possible securities law violations and certain investors may have valuable claims. Relevant Holding Period: Before Nov. 18, 2020Visit:hbsslaw.com\/investor-fraud\/JOYYContact An Attorney Now:JOYY@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916–0895 JOYY Inc. ( YY ) Investigation: The investigation centers on the accuracy of JOYY\u2019s public statements concerning its component businesses and financial condition. More specifically, on Nov. 18, 2020, Muddy Waters Capital published a scathing report, \u201cYY: You Can\u2019t Make This Stuff Up. Well\u2026Actually You Can.\u201d According to the report, JOYY is a multibillion-dollar fraud, its component businesses are a fraction of the size it reports, and the company\u2019s user metrics, … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-19T21:23:49+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTU0OCMzODM2NzIxIzIwMTg1MzI=","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\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud","datePublished":"2020-11-19T21:23:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/"},"wordCount":401,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTU0OCMzODM2NzIxIzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-joyy-yy-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-potential-securities-fraud\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages JOYY (YY) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Potential Securities Fraud - 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