{"id":386264,"date":"2020-11-20T17:21:17","date_gmt":"2020-11-20T22:21:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386264"},"modified":"2020-11-20T17:21:17","modified_gmt":"2020-11-20T22:21:17","slug":"yy-losses-alert-bernstein-liebhard-llp-announces-investigation-of-joyy-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/yy-losses-alert-bernstein-liebhard-llp-announces-investigation-of-joyy-inc\/","title":{"rendered":"YY LOSSES ALERT: Bernstein Liebhard LLP Announces Investigation of JOYY Inc."},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Nov. 20, 2020<\/span> \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of\u00a0JOYY Inc.,\u00a0 (“JOYY” or the “Company”) (NASDAQ: YY) resulting from allegations that\u00a0 JOYY might have issued misleading information to the investing public.<\/p>\n

\n

\n
\n \"Bernstein
\n <\/a>\n <\/p>\n<\/p><\/div>\n

If you purchased JOYY securities, and\/or would like to discuss your legal rights and options<\/b> please visit JOYY Shareholder Investigation<\/a> or contact Matthew E. Guarnero<\/span><\/a> toll free at (877) 779-1414<\/b> or MGuarnero@bernlieb.com<\/a>. <\/p>\n

On November 18, 2020<\/span>, Muddy Waters Research, an equity research firm, published a report about JOYY titled: “YY: You Can’t Make This Stuff Up.\u00a0 Well\u2026 Actually You Can.”\u00a0\u00a0 The Muddy Waters Research Report detailed a series of problems with JOYY.\u00a0 Specifically, the report stated that the Company is a multibillion-dollar fraud” whose component businesses are a “fraction of the size it reports.”\u00a0 The Muddy waters report also noted that JOYY’s “reported user metrics, revenues and cash balances are predominantly fraudulent.”<\/p>\n

On this news, JOYY American depositary shares (“ADSs”) price fell $26.53<\/span> per ADS, or 26% to close at $73.66<\/span> per ADS on November 18, 2020<\/span>.<\/p>\n

If you purchased JOYY securities, and\/or would like to discuss your legal rights and options<\/b> please visit https:\/\/www.bernlieb.com\/cases\/joyyinc-yy-shareholder-class-action-lawsuit-stock-fraud-334\/apply\/<\/a> or contact Matthew E. Guarnero<\/span><\/a> toll free at (877) 779-1414<\/b> or MGuarnero@bernlieb.com<\/a>. <\/p>\n

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion<\/span> for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n

ATTORNEY ADVERTISING. \u00a9 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York<\/span> 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut<\/span> is Michael S. Bigin.\u00a0 Prior results do not guarantee or predict a similar outcome with respect to any future matter. <\/p>\n

Contact Information<\/p>\n

\n Matthew E. Guarnero<\/span>
\n
Bernstein Liebhard LLP
http:\/\/www.bernlieb.com<\/a>\u00a0\u00a0\u00a0
(877) 779-1414
MGuarnero@bernlieb.com<\/a>\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/yy-losses-alert-bernstein-liebhard-llp-announces-investigation-of-joyy-inc-301178284.html<\/a><\/p>\n

SOURCE Bernstein Liebhard LLP<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK, Nov. 20, 2020 \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of\u00a0JOYY Inc.,\u00a0 (“JOYY” or the “Company”) (NASDAQ: YY) resulting from allegations that\u00a0 JOYY might have issued misleading information to the investing public. If you purchased JOYY securities, and\/or would like to discuss your legal rights and options please visit JOYY Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. On November 18, 2020, Muddy Waters Research, an equity research firm, published a report about JOYY titled: “YY: You Can’t Make This Stuff Up.\u00a0 Well\u2026 Actually You Can.”\u00a0\u00a0 The Muddy Waters Research Report detailed a series of problems … <\/p>\n

Continue reading “YY LOSSES ALERT: Bernstein Liebhard LLP Announces Investigation of JOYY Inc.”<\/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-386264","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nYY LOSSES ALERT: Bernstein Liebhard LLP Announces Investigation of JOYY Inc. - 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\/yy-losses-alert-bernstein-liebhard-llp-announces-investigation-of-joyy-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YY LOSSES ALERT: Bernstein Liebhard LLP Announces Investigation of JOYY Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Nov. 20, 2020 \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of\u00a0JOYY Inc.,\u00a0 (“JOYY” or the “Company”) (NASDAQ: YY) resulting from allegations that\u00a0 JOYY might have issued misleading information to the investing public. If you purchased JOYY securities, and\/or would like to discuss your legal rights and options please visit JOYY Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. 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