Core Viewpoint - A class action lawsuit has been filed against Jayud Global Logistics Limited for alleged securities fraud during the class period from April 21, 2023, to April 30, 2025, with a deadline for lead plaintiff motions set for January 20, 2026 [1]. Group 1: Company Overview - Jayud Global Logistics Limited went public through an initial public offering (IPO) in April 2023, offering only 1.25 million shares, which is less than 5% of its total outstanding equity, while maintaining significant insider control through Class B super voting shares [3]. - The stock price of Jayud surged from approximately $1.00 to an all-time high of $7.97 per share by April 1, 2025, resulting in a market capitalization of around $720 million, despite the absence of any fundamental news from the company [4]. Group 2: Allegations and Investigations - Investigations have indicated that Jayud was allegedly involved in a "pump-and-dump" scheme, facilitated by its public listing structure and low float, which allowed for the manipulation of stock prices [5]. - The lawsuit claims that during the class period, the defendants made materially false and misleading statements and failed to disclose critical adverse facts about the company's operations and prospects, including involvement in a fraudulent stock promotion scheme and the use of offshore accounts for share dumping [6].
Law Offices of Frank R. Cruz Encourages Jayud Global Logistics Limited (JYD) Shareholders To Inquire About Securities Fraud Class Action