Core Viewpoint - A class action lawsuit has been filed against Jayud Global Logistics Limited for allegedly engaging in a fraudulent "pump-and-dump" scheme that led to significant stock price manipulation and investor losses during the specified Class Period [1][3]. Company Overview - Jayud Global Logistics Limited, headquartered in Shenzhen, China, provides global cross-border supply chain solutions, including freight forwarding, supply chain management, customs brokerage, and logistics IT systems [2]. Stock Performance and Allegations - During the Class Period from April 21, 2023, to April 30, 2025, Jayud's stock price surged from approximately $1.00 per share to an all-time high near $8.00, despite a lack of fundamental business news [3]. - The lawsuit claims that this price increase was artificially driven by insiders or affiliates coordinating share dumping through offshore or nominee accounts, culminating in a stock collapse of about 95% on April 2, 2025 [3].
Jayud Global Logistics (JYD) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit