{"id":419738,"date":"2021-01-22T16:33:14","date_gmt":"2021-01-22T21:33:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419738"},"modified":"2021-01-22T16:33:14","modified_gmt":"2021-01-22T21:33:14","slug":"rosen-a-highly-recognized-law-firm-files-federal-securities-class-action-lawsuit-against-9f-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-jfu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-highly-recognized-law-firm-files-federal-securities-class-action-lawsuit-against-9f-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-jfu\/","title":{"rendered":"ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Files Federal Securities Class Action Lawsuit Against 9F Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 JFU"},"content":{"rendered":"
\n

NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of 9F Inc. (NASDAQ: JFU): (i) pursuant and\/or traceable to the registration statement and related prospectus issued in connection with 9F\u2019s August 14, 2019 initial public offering (the \u201cIPO\u201d or \u201cOffering\u201d); and\/or (ii) between August 14, 2019 and September 29, 2020, both dates inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for 9F investors under the federal securities laws.<\/p>\n

To join the 9F class action, go to http:\/\/www.rosenlegal.com\/cases-register-2007.html<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

According to the lawsuit, the materials supporting the Offering, and defendants throughout the Class Period, made false and\/or misleading statements and\/or failed to disclose that: (1) the purported value and benefits of the Company\u2019s financial institution partners and its tri-party cooperation business model did not in fact exist and\/or were materially overstated, given that 9F and Property and Casualty Company Limited (\u201cPICC\u201d) had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement; (2) the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; (4) as a result of the foregoing, the Company\u2019s platform, business model, reputation and financial results had been materially impaired; and (5) as a result, defendants\u2019 statements about the Company\u2019s business, operations, and prospects were materially false and misleading and\/or lacked a reasonable basis 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 serve as lead plaintiff, you must move the Court no later than March 22, 2021<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http:\/\/www.rosenlegal.com\/cases-register-2007.html<\/a> or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.<\/p>\n

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR\u2019S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm<\/a>.<\/p>\n

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm\u2019s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th<\/sup> Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com<\/a>
<\/a>pkim@rosenlegal.com<\/a>
<\/a>cases@rosenlegal.com<\/a>
<\/a>www.rosenlegal.com<\/a><\/p>\n

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

NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of 9F Inc. (NASDAQ: JFU): (i) pursuant and\/or traceable to the registration statement and related prospectus issued in connection with 9F\u2019s August 14, 2019 initial public offering (the \u201cIPO\u201d or \u201cOffering\u201d); and\/or (ii) between August 14, 2019 and September 29, 2020, both dates inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for 9F investors under the federal securities laws. To join the 9F class action, go to http:\/\/www.rosenlegal.com\/cases-register-2007.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class … <\/p>\n

Continue reading “ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Files Federal Securities Class Action Lawsuit Against 9F Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 JFU”<\/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-419738","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROSEN, A HIGHLY RECOGNIZED LAW FIRM, Files Federal Securities Class Action Lawsuit Against 9F Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 JFU - 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\/rosen-a-highly-recognized-law-firm-files-federal-securities-class-action-lawsuit-against-9f-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-jfu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Files Federal Securities Class Action Lawsuit Against 9F Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 JFU - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of 9F Inc. 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