{"id":404558,"date":"2020-12-22T09:31:56","date_gmt":"2020-12-22T14:31:56","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404558"},"modified":"2020-12-22T09:31:56","modified_gmt":"2020-12-22T14:31:56","slug":"investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","title":{"rendered":"INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"},"content":{"rendered":"
\n

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

\n

\n LOS ANGELES<\/span>, Dec. 22, 2020<\/span> \/PRNewswire\/ —\u00a0The Schall Law Firm<\/a><\/u>, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against\u00a0JOYY Inc. (“JOYY” or “the Company”) (NASDAQ: YY)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b<\/span>-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n

Investors who purchased the Company’s securities between April 28, 2016<\/span> and November 18, 2020<\/span>, inclusive (the ”Class Period”), are encouraged to contact the firm before January 19<\/span>, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n

If you are a shareholder who suffered a loss, click here to participate<\/a>.<\/p>\n

We also encourage you to contact Brian Schall<\/span> of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA<\/span> 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at\u00a0www.schallfirm.com<\/a><\/u>, or by email at\u00a0brian@schallfirm.com<\/a><\/u>.<\/p>\n

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. <\/p>\n

According to the Complaint, the Company made false and misleading statements to the market. JOYY dramatically overstated the revenues of its live streaming business. The majority of the Company’s users were bots, which it used in a roundtripping scheme to produce fake revenues. The Company overstated its cash reserves. The Company’s acquisition of Bigo was a scheme to benefit insiders. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about JOYY, investors suffered damages.<\/p>\n

\n Join the case<\/a>\u00a0to recover your losses.<\/p>\n

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.<\/p>\n

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

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100-000-to-contact-the-firm-301197575.html<\/a><\/p>\n

SOURCE The Schall Law Firm<\/p>\n<\/p><\/div>\n

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

PR Newswire LOS ANGELES, Dec. 22, 2020 \/PRNewswire\/ —\u00a0The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against\u00a0JOYY Inc. (“JOYY” or “the Company”) (NASDAQ: YY)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investors who purchased the Company’s securities between April 28, 2016 and November 18, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before January 19, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, … <\/p>\n

Continue reading “INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm”<\/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-404558","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - 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\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LOS ANGELES, Dec. 22, 2020 \/PRNewswire\/ —\u00a0The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against\u00a0JOYY Inc. (“JOYY” or “the Company”) (NASDAQ: YY)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investors who purchased the Company’s securities between April 28, 2016 and November 18, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before January 19, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If you are a shareholder who suffered a loss, click here to participate. 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(“JOYY” or “the Company”) (NASDAQ: YY)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investors who purchased the Company’s securities between April 28, 2016 and November 18, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before January 19, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, … Continue reading \"INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-22T14:31:56+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA31831&sd=2020-12-22","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\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm","datePublished":"2020-12-22T14:31:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/"},"wordCount":360,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA31831&sd=2020-12-22","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-joyy-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","name":"INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JOYY Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - 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