{"id":440076,"date":"2021-02-19T13:12:48","date_gmt":"2021-02-19T18:12:48","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=440076"},"modified":"2021-02-19T13:12:48","modified_gmt":"2021-02-19T18:12:48","slug":"jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\/","title":{"rendered":"JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\u2013 JFU"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Feb.  19, 2021  (GLOBE NEWSWIRE) &#8212; Pawar Law Group announces a class action lawsuit on behalf of shareholders who purchased shares of 9F Inc. (NASDAQ: JFU) from August 14, 2019 through September 29, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for 9F investors under the federal securities laws.<\/p>\n<p>To join the class action, go <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=O8lpjp_YT6w3KWf_wSjc7aAjuaSzkvrDN7G7fmLQdvsi11FSvGWmvCfIy7MnEBP32kA2eR0sbrVqPN8jhUO8-JJq5La0QHiJedbF7UlKy1jUHMDitsx-S0NkHqkpEHxa\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a> or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iWq_TR6QrHL0m7_TonoG31jubsTFjicGviEwZ2q6K0lS2N26OAyieQKkKVpRgdFkHrLEnJxRfna7P5GjGMiJHs8ygax794KeAR03S8CTkA0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@pawarlawgroup.com<\/a>\u00a0for information on the class action.<\/p>\n<p>According to the lawsuit, \u00a0defendants made false and\/or misleading statements and\/or failed to disclose that: 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; the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; as a result of the foregoing, the Company\u2019s platform, business model, reputation and financial results had been materially impaired; and 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<p>If you wish to serve as lead plaintiff, you must move the Court no later than <strong>March 22, 2021.<\/strong> A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n<p>No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.<\/p>\n<p>Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<br \/>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<\/p>\n<p>Contact:\u00a0\u00a0<br \/>Vik Pawar, Esq.\u00a0\u00a0<br \/>Pawar Law Group\u00a0\u00a0<br \/>20 Vesey Street, Suite 1410\u00a0\u00a0<br \/>New York, NY 10007\u00a0\u00a0<br \/>Tel: (917) 261-2277\u00a0\u00a0<br \/>Fax: (212) 571-0938\u00a0\u00a0<br \/>info@pawarlawgroup.com\u00a0\u00a0<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NjM5MSMzOTg2MDA3IzIwODMxNDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/dd3174b4-b6b1-4ea0-a4f8-ea00f87788e7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Feb. 19, 2021 (GLOBE NEWSWIRE) &#8212; Pawar Law Group announces a class action lawsuit on behalf of shareholders who purchased shares of 9F Inc. (NASDAQ: JFU) from August 14, 2019 through September 29, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for 9F investors under the federal securities laws. To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0info@pawarlawgroup.com\u00a0for information on the class action. According to the lawsuit, \u00a0defendants made false and\/or misleading statements and\/or failed to disclose that: 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\u2013 JFU&#8221;<\/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-440076","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\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\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\u2013 JFU - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Feb. 19, 2021 (GLOBE NEWSWIRE) &#8212; Pawar Law Group announces a class action lawsuit on behalf of shareholders who purchased shares of 9F Inc. (NASDAQ: JFU) from August 14, 2019 through September 29, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for 9F investors under the federal securities laws. To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email\u00a0info@pawarlawgroup.com\u00a0for information on the class action. According to the lawsuit, \u00a0defendants made false and\/or misleading statements and\/or failed to disclose that: 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 &hellip; Continue reading &quot;JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\u2013 JFU&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-19T18:12:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NjM5MSMzOTg2MDA3IzIwODMxNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\u2013 JFU\",\"datePublished\":\"2021-02-19T18:12:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\\\/\"},\"wordCount\":412,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE1NjM5MSMzOTg2MDA3IzIwODMxNDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jfu-alert-pawar-law-group-announces-a-securities-class-action-lawsuit-against-9f-inc-jfu\\\/\",\"name\":\"JFU ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against 9F Inc.\u2013 JFU - 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