{"id":688564,"date":"2022-09-23T20:10:00","date_gmt":"2022-09-24T00:10:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-yatsen-holding-limited-investors-with-substantial-losses-have-opportunity-to-lead-the-yatsen-class-action-lawsuit-ysg\/"},"modified":"2022-09-23T20:10:00","modified_gmt":"2022-09-24T00:10:00","slug":"investor-alert-yatsen-holding-limited-investors-with-substantial-losses-have-opportunity-to-lead-the-yatsen-class-action-lawsuit-ysg","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-yatsen-holding-limited-investors-with-substantial-losses-have-opportunity-to-lead-the-yatsen-class-action-lawsuit-ysg\/","title":{"rendered":"INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG<\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–Robbins Geller Rudman & Dowd LLP<\/b><\/a> announces that the Yatsen <\/i>class action lawsuit seeks to represent purchasers of Yatsen Holding Limited (NYSE: YSG): (a) American Depository Shares (\u201cADSs\u201d) between November 19, 2020 and March 10, 2022, inclusive (the \u201cClass Period\u201d) and who were damaged thereby; and\/or (b) ADSs pursuant or traceable to Yatsen\u2019s Registration Statement on Form F-1 and related prospectus on Form 424B4 (collectively, the \u201cOffering Documents\u201d) issued in connection with Yatsen\u2019s November 2020 initial public offering (the \u201cIPO\u201d). Captioned Maeshiro v. Yatsen Holding Limited<\/i>, No. 22-cv-08165 (S.D.N.Y.), the Yatsen<\/i> class action lawsuit charges Yatsen, certain of its top executive officers and directors, the IPO\u2019s underwriter, and others with violations of the Securities Act of 1933 and\/or Securities Exchange Act of 1934.\n<\/p>\n

If you suffered substantial losses and wish to serve as lead plaintiff of the Yatsen<\/i> class action lawsuit, please provide your information here:<\/b><\/p>\n

https:\/\/www.rgrdlaw.com\/cases-yatsen-holding-limited-class-action-lawsuit-ysg.html<\/b><\/a><\/p>\n

You can also contact attorney <\/b>J.C. Sanchez<\/b><\/a>of Robbins Geller by calling 800\/449-4900 or via e-mail at <\/b>jsanchez@rgrdlaw.com<\/b><\/a>. Lead plaintiff motions for the Yatsen<\/i> class action lawsuit must be filed with the court no later than November 22, 2022.<\/b><\/p>\n

CASE ALLEGATIONS<\/b>: Yatsen is a China-based holding company engaged in the production and sale of cosmetics and skincare products. On November 19, 2020, Yatsen filed the final prospectus for Yatsen\u2019s IPO, making available approximately 58.75 million ADSs to the investing public at $10.50 per ADS.\n<\/p>\n

\nThe Yatsen<\/i> class action lawsuit alleges that defendants misled investors into believing that Yatsen\u2019s two largest and historically most significant brands, Perfect Diary<\/i> and Little Ondine<\/i>, were thriving, thereby driving Yatsen\u2019s \u201chealthy\u201d top-line growth at the time of its IPO and quarter after quarter thereafter. In truth, however, cosmetic and skincare sales of Perfect Diary<\/i> and Little Ondine<\/i> products were declining in the period leading up to (and including at the time of) the IPO, and continued to decline throughout 2021.\n<\/p>\n

\nOn August 26, 2021, during the second quarter of 2021 analyst call, Yatsen\u2019s Chairman, Founder, and CEO, defendant Jinfeng Huang, admitted that Yatsen\u2019s Perfect Diary <\/i>business was (and had been) deteriorating, requiring Yatsen to \u201crefocus and also to devote more resources to continue the growth trend of [Yatsen\u2019s] main brands.\u201d According to Huang, Yatsen had \u201cmove[d] too fast to reallocate [Yatsen\u2019s] talent into the skincare BU.\u201d On August 26, 2021, the price of Yatsen ADSs declined more than 17%.\n<\/p>\n

\nThen, on or about November 18, 2021, defendants acknowledged witnessing a \u201csoft industry environment for color cosmetics.\u201d On this news, the price of Yatsen ADSs fell an additional 17.9%.\n<\/p>\n

\nFinally, on March 10, 2022, Yatsen released its fourth quarter and full year financial results for the period ended December 31, 2021, revealing that its disappointing financial results were not solely due to issues with Little Ondine<\/i> but, rather, Perfect Diary<\/i> as well. In commenting on the \u201cchallenging quarter,\u201d Huang blamed \u201csoft consumer demand and intense competition in the color cosmetics segment\u201d for why total net revenues for the fourth quarter decreased 22.1% and gross sales for the fourth quarter decreased 17.2%. Huang later conceded that Yatsen\u2019s disappointing results were the result of a deceleration in sales of its leading brands. On this news, the price of Yatsen ADSs fell another 39.5%, further damaging investors.\n<\/p>\n

\nBy the commencement of the Yatsen<\/i> class action lawsuit, the price of Yatsen ADSs had fallen by more than 96% from the $10.50 IPO price.\n<\/p>\n

THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Yatsen ADSs during the Class Period and who were damaged thereby and\/or purchased Yatsen ADSs pursuant or traceable to the Offering Documents issued in connection with the IPO to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Yatsen<\/i> class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Yatsen<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Yatsen<\/i> class action lawsuit.\n<\/p>\n

ABOUT ROBBINS GELLER<\/b>: Robbins Geller is one of the world\u2019s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone \u2013 more than triple the amount recovered by any other plaintiffs\u2019 firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs\u2019 firms in the world and the Firm\u2019s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion \u2013 in In re Enron Corp. Sec. Litig.<\/i> Please visit the following page for more information:\n<\/p>\n

https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud.html<\/b><\/a><\/p>\n

\nAttorney advertising.
\n
Past results do not guarantee future outcomes.
\n
Services may be performed by attorneys in any of our offices.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220923005534\/en\/<\/a><\/span><\/p>\n

\nRobbins Geller Rudman & Dowd LLP
\n
655 W. Broadway, Suite 1900, San Diego, CA 92101
\n
J.C. Sanchez, 800-449-4900
\n
jsanchez@rgrdlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that the Yatsen class action lawsuit seeks to represent purchasers of Yatsen Holding Limited (NYSE: YSG): (a) American Depository Shares (\u201cADSs\u201d) between November 19, 2020 and March 10, 2022, inclusive (the \u201cClass Period\u201d) and who were damaged thereby; and\/or (b) ADSs pursuant or traceable to Yatsen\u2019s Registration Statement on Form F-1 and related prospectus on Form 424B4 (collectively, the \u201cOffering Documents\u201d) issued in connection with Yatsen\u2019s November 2020 initial public offering (the \u201cIPO\u201d). Captioned Maeshiro v. Yatsen Holding Limited, No. 22-cv-08165 (S.D.N.Y.), the Yatsen class action lawsuit charges Yatsen, certain of … <\/p>\n

Continue reading “INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG”<\/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-688564","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit - YSG - 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-alert-yatsen-holding-limited-investors-with-substantial-losses-have-opportunity-to-lead-the-yatsen-class-action-lawsuit-ysg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit - YSG - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that the Yatsen class action lawsuit seeks to represent purchasers of Yatsen Holding Limited (NYSE: YSG): (a) American Depository Shares (\u201cADSs\u201d) between November 19, 2020 and March 10, 2022, inclusive (the \u201cClass Period\u201d) and who were damaged thereby; and\/or (b) ADSs pursuant or traceable to Yatsen\u2019s Registration Statement on Form F-1 and related prospectus on Form 424B4 (collectively, the \u201cOffering Documents\u201d) issued in connection with Yatsen\u2019s November 2020 initial public offering (the \u201cIPO\u201d). 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Captioned Maeshiro v. 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