Core Viewpoint - A class action lawsuit has been filed against Jayud Global Logistics Limited (NASDAQ: JYD) for allegedly engaging in a fraudulent stock promotion scheme that misled investors [1][2]. Allegations - The complaint alleges that Jayud failed to disclose involvement in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals [2]. - Insiders and affiliates reportedly used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [2]. - Jayud's public statements and risk disclosures did not mention the false rumors and artificial trading activity that influenced the stock price [2]. Stock Price Surge - In the weeks leading up to April 2025, Jayud's share price increased from approximately $1.00 to an all-time high of around $8.00 per share, despite a lack of fundamental news to justify this rise [3]. - Investigations revealed that Jayud was involved in a "pump-and-dump" scheme, where impersonators promoted the stock in online forums and social media to create a buying frenzy among retail investors [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers with the court by January 20, 2026 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Legal Representation - All representation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5]. - Robbins LLP has a history of advocating for shareholder rights and aims to help recover losses and improve corporate governance [5].
JYD Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Jayud Global Logistics Limited