Core Viewpoint - A class action lawsuit has been filed against Jayud Global Logistics Limited (NASDAQ: JYD) for allegedly making false and misleading statements regarding its business operations and trading activities [2]. Group 1: Allegations in the Lawsuit - The complaint claims that Jayud was involved in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals [2]. - It is alleged that insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [2]. - The lawsuit states that Jayud's public statements and risk disclosures did not mention the false rumors and artificial trading activity that influenced the stock price [2]. - As a result of these actions, the defendants' positive statements about the company's business and prospects were deemed materially misleading [2]. Group 2: Participation in the Class Action - Shareholders interested in serving as lead plaintiffs must file their papers with the court by January 20, 2026 [3]. - Participation in the case is not required to be eligible for recovery; shareholders can remain absent class members if they choose [3]. - The law firm operates on a contingency fee basis, meaning shareholders do not pay fees or expenses upfront [3][4].
INVESTOR ALERT: Morris Kandinov LLP Investigating Jayud Global Logistics Limited (JYD); Shareholders Encouraged to Contact Firm