{"id":389040,"date":"2020-11-27T08:03:21","date_gmt":"2020-11-27T13:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389040"},"modified":"2020-11-27T08:03:21","modified_gmt":"2020-11-27T13:03:21","slug":"joyy-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-central","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-central\/","title":{"rendered":"JOYY, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against JOYY, Inc."},"content":{"rendered":"
\n

\n
\n LE<\/strong>
\n <\/strong>
\n
\n AD PLAINTIFF DEADLINE IS<\/strong>
\n <\/strong>
\n
\n JANUARY 19, 2021<\/strong>
\n <\/strong>
\n \n <\/p>\n

NEW YORK, Nov. 27, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP<\/a> announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased the American Depositary Receipts (\u201cADRs\u201d) of JOYY Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ:\u00a0YY) during the period from April 28, 2016 through November 18, 2020, inclusive (the \u201cClass Period\u201d).<\/p>\n

\n All <\/strong>
\n i<\/strong>
\n nvestors <\/strong>
\n who<\/strong>
\n purchased<\/strong>
\n the <\/strong>
\n ADRs<\/strong>
\n of JOYY Inc<\/strong>. a<\/strong>nd<\/strong> incurred losses <\/strong>a<\/strong>re<\/strong>u<\/strong>rged<\/strong>to contact the firm <\/strong>i<\/strong>mmediately at <\/strong>classmember@whafh.com<\/strong><\/a> or (800) 575-0735 or (212) 545-4774.<\/strong> You may o<\/strong>btain additional information conc<\/strong>erning the action <\/strong>or <\/strong>join the case<\/strong><\/a>on our <\/strong>website<\/strong>, <\/strong>www.whafh.com.<\/strong><\/a><\/p>\n

If you have incurred losses in the ADRs<\/strong>of JOYY Inc<\/strong>., yo<\/strong>u may<\/strong>,<\/strong>no<\/strong>later than<\/strong>January 19, 2021<\/strong>,<\/strong> request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein<\/a> to learn more about your rights as an investor in the ADRs<\/strong>of JOYY Inc<\/strong>.<\/p>\n

\n CLICK HERE TO JOIN THE CASE<\/a>\n <\/p>\n

On November 18, 2020, Muddy Waters Research published a report entitled \u201cYY: You Can\u2019t Make This Stuff Up. Well\u2026Actually You Can,\u201d <\/em>alleging that the Company \u201cis a multibillion-dollar fraud.\u201d<\/em> The report concluded \u201cthat YY\u2019s component businesses are a fraction of the size it reports, and that the company\u2019s reported user metrics, revenues, and cash balances are predominantly fraudulent[,]\u201d and that \u201c[a]pproximately 84% of YY\u2019s reported consolidated revenue appears to be fraudulent.\u201d<\/em><\/p>\n

On this news, JOYY ADRs fell $26.53 per ADR, or 26%, to close at $73.66 per ADR on November 18, 2020.<\/p>\n

\n Wolf Haldenstein<\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at www.whafh.com<\/a>.<\/a><\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>, kcooper@whafh.com<\/a>\u00a0or classmember@whafh.com<\/a>
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n


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

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

LE AD PLAINTIFF DEADLINE IS JANUARY 19, 2021 NEW YORK, Nov. 27, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased the American Depositary Receipts (\u201cADRs\u201d) of JOYY Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ:\u00a0YY) during the period from April 28, 2016 through November 18, 2020, inclusive (the \u201cClass Period\u201d). All i nvestors who purchased the ADRs of JOYY Inc. and incurred losses areurgedto contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the caseon our website, www.whafh.com. If … <\/p>\n

Continue reading “JOYY, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against 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-389040","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nJOYY, INC. 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