{"id":387808,"date":"2020-11-24T10:03:27","date_gmt":"2020-11-24T15:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387808"},"modified":"2020-11-24T10:03:27","modified_gmt":"2020-11-24T15:03:27","slug":"yy-investor-alert-bronstein-gewirtz-grossman-llc-notifies-joyy-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-january-19-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/yy-investor-alert-bronstein-gewirtz-grossman-llc-notifies-joyy-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-january-19-2021\/","title":{"rendered":"YY Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies JOYY Inc. Shareholders of Class Action and Lead Plaintiff Deadline: January 19, 2021"},"content":{"rendered":"
\n

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

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\n NEW YORK<\/span>, Nov. 24, 2020<\/span> \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against JOYY Inc.\u00a0(“JOYY” or the “Company”) (NASDAQ: YY)\u00a0and certain of its officers, on behalf of shareholders who purchased or otherwise acquired JOYY\u00a0securities between\u00a0April 28, 2016\u00a0and\u00a0November 18, 2020,\u00a0both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/yy<\/a>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n

\n
\n \"Bronstein,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n

\n This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.\u00a0<\/b>\n <\/p>\n

\n

The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (2) the Company utilized these bots to effect a roundtripping scheme that manufactured the false appearance of revenues; (3) the Company overstated its cash reserves; (4) the Company’s acquisition of Bigo was largely contrived to benefit corporate insiders; and (5) as a result, defendants’ public statements were materially false and\/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com\/yy<\/a>\u00a0or you may contact Peretz Bronstein, Esq.<\/span> or his Investor Relations Analyst, Yael Hurwitz<\/span> of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in JOYY you have until January 19, 2021<\/span> to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0 Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0 \u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:<\/p>\n

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein<\/span> or Yael Hurwitz<\/span>
212-697-6484 | info@bgandg.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/yy-investor-alert-bronstein-gewirtz–grossman-llc-notifies-joyy-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-january-19-2021-301179471.html<\/a><\/p>\n

SOURCE Bronstein, Gewirtz & Grossman, LLC<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK, Nov. 24, 2020 \/PRNewswire\/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against JOYY Inc.\u00a0(“JOYY” or the “Company”) (NASDAQ: YY)\u00a0and certain of its officers, on behalf of shareholders who purchased or otherwise acquired JOYY\u00a0securities between\u00a0April 28, 2016\u00a0and\u00a0November 18, 2020,\u00a0both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/yy.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.\u00a0 The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) JOYY dramatically … <\/p>\n

Continue reading “YY Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies JOYY Inc. Shareholders of Class Action and Lead Plaintiff Deadline: January 19, 2021”<\/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-387808","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nYY Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies JOYY Inc. Shareholders of Class Action and Lead Plaintiff Deadline: January 19, 2021 - 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-investor-alert-bronstein-gewirtz-grossman-llc-notifies-joyy-inc-shareholders-of-class-action-and-lead-plaintiff-deadline-january-19-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YY Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies JOYY Inc. 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Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com\/yy.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.\u00a0 The Complaint alleges that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) JOYY dramatically … Continue reading "YY Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies JOYY Inc. 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