{"id":403299,"date":"2020-12-20T01:09:43","date_gmt":"2020-12-20T06:09:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403299"},"modified":"2020-12-20T01:09:43","modified_gmt":"2020-12-20T06:09:43","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-joyy-inc-yy-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-joyy-inc-yy-5\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JOYY Inc. – YY"},"content":{"rendered":"
\n

NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of JOYY Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ: YY).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com<\/u><\/a> or 888-476-6529, ext. 7980.<\/p>\n

The investigation concerns whether JOYY and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0<\/p>\n

\n
\n
\n [Click here for information about joining the class action]<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

On November 18, 2020, Muddy Waters Capital (\u201cMuddy Waters\u201d) published a report entitled \u201cYY: You Can\u2019t Make this Stuff Up.\u00a0 Well\u2026Actually You Can.\u201d\u00a0 The Muddy Waters report described JOYY as \u201ca multibillion-dollar fraud\u201d with \u201ccomponent businesses . . . a fraction of the size it reports, and . . . reported user metrics, revenues, and cash balances [that] are predominantly fraudulent.\u201d\u00a0 Citing a \u201cyear-long investigation,\u201d Muddy Waters concluded that JOYY \u201cis about 90% fraudulent.\u201d\u00a0<\/p>\n

On this news, JOYY\u2019s American depositary receipt (\u201cADR\u201d) price fell $26.53 per ADR, or 26.48%, to close at $73.66 per ADR on November 18, 2020.<\/p>\n

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com<\/u><\/a>.<\/p>\n

\n CONTACT:
<\/strong>Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com<\/u><\/a>
<\/a>888-476-6529 ext. 7980<\/p>\n

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

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

NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of JOYY Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ: YY).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether JOYY and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 18, 2020, Muddy Waters Capital (\u201cMuddy Waters\u201d) published a report entitled \u201cYY: You Can\u2019t Make this Stuff Up.\u00a0 Well\u2026Actually You Can.\u201d\u00a0 The Muddy Waters report described JOYY as \u201ca multibillion-dollar fraud\u201d with \u201ccomponent businesses . . . a fraction of the size it reports, and . … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JOYY Inc. – YY”<\/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-403299","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JOYY Inc. - YY - 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-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-joyy-inc-yy-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JOYY Inc. - YY - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of JOYY Inc. (\u201cJOYY\u201d or the \u201cCompany\u201d) (NASDAQ: YY).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. 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