{"id":513979,"date":"2021-07-15T18:51:02","date_gmt":"2021-07-15T22:51:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-robbins-llp-announces-that-360-digitech-inc-qfin-is-being-sued-for-misleading-shareholders\/"},"modified":"2021-07-15T18:51:02","modified_gmt":"2021-07-15T22:51:02","slug":"shareholder-alert-robbins-llp-announces-that-360-digitech-inc-qfin-is-being-sued-for-misleading-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-robbins-llp-announces-that-360-digitech-inc-qfin-is-being-sued-for-misleading-shareholders\/","title":{"rendered":"SHAREHOLDER ALERT: Robbins LLP Announces That 360 DigiTech, Inc. (QFIN) Is Being Sued for Misleading Shareholders"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>SHAREHOLDER ALERT: Robbins LLP Announces That 360 DigiTech, Inc. (QFIN) Is Being Sued for Misleading Shareholders<\/b><\/p>\n<p>SAN DIEGO &amp; SHANGHAI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nShareholder rights law firm <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Frobbinsllp.com%2F360-digitech%2F&amp;esheet=52461149&amp;newsitemid=20210715006098&amp;lan=en-US&amp;anchor=Robbins+LLP&amp;index=1&amp;md5=bf1284a125030816fff287d9ec5b7034\">Robbins LLP<\/a> announces that a class action has been filed on behalf of all purchasers of 360 DigiTech, Inc. (NASDAQ: QFIN) between April 30, 2020 and July 7, 2021, for violations of the Securities Exchange Act of 1934. 360 DigiTech, through its subsidiaries, operates a digital consumer finance platform, providing online consumer products to the borrowers funded by institutional funding partners.\n<\/p>\n<p>\nIf you suffered a loss due to 360 DigiTech Inc.&#8217;s misconduct, click <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Frobbinsllp.com%2F360-digitech%2F&amp;esheet=52461149&amp;newsitemid=20210715006098&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=54c3e84aa2d05c79eb0849ab973bdee4\">here<\/a>.\n<\/p>\n<p><b><i>360 DigiTech, Inc. (QFIN) Made False and Misleading Statements Regarding its Business, Operations, and Prospects <\/i><\/b><\/p>\n<p>\nAccording to the complaint, during the relevant period, defendants touted the Company&#8217;s dedication to privacy protections and data security of its borrowers&#8217; information. The truth, however, was that the Company had been collecting personal information in violation of relevant Chinese laws and regulations and therefore, was exposed to an increased risk of regulatory scrutiny and\/or enforcement actions.\n<\/p>\n<p>\nOn July 8, 2021, reports circulated on social media that the Company&#8217;s core product \u2013 the 360 IOU app, had been removed from major app stores. On this news, 360 DigiTech&#8217;s stock fell $7.12 per share, or 21.48%, to close at $26.02 on July 8, 2021. Then, on July 9, <i>Seeking Alpha <\/i>reported that 360 DigiTech confirmed the removal of the 360 IOU app from the Android app store.\n<\/p>\n<p><b><i>If you purchased shares of 360 DigiTech, Inc. (QFIN) between April 30, 2020 and July 7, 2021, you have until September 13, 2021, to ask the court to appoint you lead plaintiff for the class.<\/i><\/b><\/p>\n<p><b><i>All representation is on a contingency fee basis. Shareholders pay no fees or expenses.<\/i><\/b><\/p>\n<p>\nContact us to learn more:\n<\/p>\n<p>\nLauren Levi<br \/>\n<br \/>(800) 350-6003<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:llevi@robbinsllp.com\">llevi@robbinsllp.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Frobbinsllp.com%2F360-digitech%2F&amp;esheet=52461149&amp;newsitemid=20210715006098&amp;lan=en-US&amp;anchor=Shareholder+Information+Form&amp;index=3&amp;md5=1ed66aa958cd3ca57676986a17114439\">Shareholder Information Form<\/a><\/p>\n<p>\nRobbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against 360 DigiTech, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.robbinsllp.com%2Fstock-watch%2F&amp;esheet=52461149&amp;newsitemid=20210715006098&amp;lan=en-US&amp;anchor=Stock+Watch&amp;index=4&amp;md5=a0ca9f6d8919ded06781dba8863ee93e\">Stock Watch<\/a> today.\n<\/p>\n<p>\nAttorney Advertising. Past results do not guarantee a similar outcome.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210715006098r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210715006098\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210715006098\/en\/<\/a><\/span><\/p>\n<p>\nLauren Levi<br \/>\n<br \/>Robbins LLP<br \/>\n<br \/>5040 Shoreham Place<br \/>\n<br \/>San Diego, CA 92122<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:llevi@robbinsllp.com\">llevi@robbinsllp.com<br \/>\n<\/a><br \/>(800) 350-6003<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.robbinsllp.com&amp;esheet=52461149&amp;newsitemid=20210715006098&amp;lan=en-US&amp;anchor=www.robbinsllp.com&amp;index=5&amp;md5=a4bf124570b27e70bc3abccfa74b5066\">www.robbinsllp.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China United States North America Asia Pacific California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210715006098\/en\/891945\/3\/Logo_for_BW.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SHAREHOLDER ALERT: Robbins LLP Announces That 360 DigiTech, Inc. (QFIN) Is Being Sued for Misleading Shareholders SAN DIEGO &amp; SHANGHAI&#8211;(BUSINESS WIRE)&#8211; Shareholder rights law firm Robbins LLP announces that a class action has been filed on behalf of all purchasers of 360 DigiTech, Inc. (NASDAQ: QFIN) between April 30, 2020 and July 7, 2021, for violations of the Securities Exchange Act of 1934. 360 DigiTech, through its subsidiaries, operates a digital consumer finance platform, providing online consumer products to the borrowers funded by institutional funding partners. If you suffered a loss due to 360 DigiTech Inc.&#8217;s misconduct, click here. 360 DigiTech, Inc. (QFIN) Made False and Misleading Statements Regarding its Business, Operations, and Prospects According to the complaint, during the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-robbins-llp-announces-that-360-digitech-inc-qfin-is-being-sued-for-misleading-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Robbins LLP Announces That 360 DigiTech, Inc. (QFIN) Is Being Sued for Misleading Shareholders&#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-513979","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Robbins LLP Announces That 360 DigiTech, Inc. 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(QFIN) Is Being Sued for Misleading Shareholders SAN DIEGO &amp; SHANGHAI&#8211;(BUSINESS WIRE)&#8211; Shareholder rights law firm Robbins LLP announces that a class action has been filed on behalf of all purchasers of 360 DigiTech, Inc. (NASDAQ: QFIN) between April 30, 2020 and July 7, 2021, for violations of the Securities Exchange Act of 1934. 360 DigiTech, through its subsidiaries, operates a digital consumer finance platform, providing online consumer products to the borrowers funded by institutional funding partners. If you suffered a loss due to 360 DigiTech Inc.&#8217;s misconduct, click here. 360 DigiTech, Inc. (QFIN) Made False and Misleading Statements Regarding its Business, Operations, and Prospects According to the complaint, during the &hellip; Continue reading &quot;SHAREHOLDER ALERT: Robbins LLP Announces That 360 DigiTech, Inc. 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