Core Viewpoint - A class action has been filed against Jayud Global Logistics Limited, alleging involvement in a fraudulent stock promotion scheme during the class period from April 21, 2023, to April 30, 2025 [1][3]. Company Overview - Jayud Global Logistics Limited (NASDAQ: JYD) claims to provide a range of worldwide cross-border supply chain solution services [2]. Allegations - The complaint states that Jayud failed to disclose key information, including: 1. The company was involved in a fraudulent stock promotion scheme utilizing social media misinformation and impersonated financial professionals [4]. 2. Insiders and/or affiliates allegedly used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [4]. 3. Jayud's public statements and risk disclosures did not mention the false rumors and artificial trading activity affecting the stock price [4]. Stock Price Movement - 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 increase [5]. - Investigations revealed that Jayud was a primary vehicle for an illicit "pump-and-dump" promotion scheme, with impersonators promoting the stock in online forums and social media [5]. Class Action Participation - Shareholders may be eligible to participate in the class action against Jayud Global Logistics Limited, with a deadline for lead plaintiff applications set for January 20, 2026 [6]. - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [6].
Have You Incurred Financial Losses Due to Jayud Global Logistics Limited Stock Drop? Contact Robbins LLP for Information About the Action You Can Take Against JYD.