Core Viewpoint - Jayud Global Logistics Limited is facing a class action lawsuit due to allegations of misleading statements and involvement in a fraudulent stock promotion scheme during its Class Period from April 21, 2023, to April 30, 2025 [1][5]. Group 1: Company Overview - Jayud 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 [2]. - The stock price of Jayud surged from approximately $1.00 to an all-time high of $7.97 per share on April 1, 2025, resulting in a market capitalization of around $720 million, despite the absence of any fundamental news [3]. Group 2: Allegations and Lawsuit Details - The lawsuit alleges that during the Class Period, the defendants made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [5]. - Specific allegations include the company's involvement in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals, as well as insider trading through offshore accounts [5]. - The lawsuit claims that Jayud's public statements omitted critical information regarding false rumors and artificial trading activity that inflated the stock price, rendering the defendants' positive statements misleading [5]. Group 3: Legal Proceedings - Investors who purchased Jayud securities during the Class Period have until January 20, 2026, to file a lead plaintiff motion in the class action lawsuit [1][6].
Deadline Alert: Jayud Global Logistics Limited (JYD) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit