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Portnoy Law Firm Announces Class Action on Behalf of Jayud Global Logistics Limited Investors
Globenewswire· 2025-11-21 21:28
Core Viewpoint - A class action lawsuit has been initiated against Jayud Global Logistics Limited, alleging misrepresentations about the company's business and involvement in a "pump-and-dump" scheme targeting retail investors [3]. Group 1: Lawsuit Details - The class action is on behalf of investors who purchased securities between April 21, 2023, and April 30, 2025, with a deadline of January 20, 2026, for filing a lead plaintiff motion [1]. - The lawsuit claims that defendants engaged in deceptive practices, including using impersonators to promote Jayud in online forums and social media, leading to a buying frenzy among investors [3]. Group 2: Legal Representation - The Portnoy Law Firm is representing investors in this case and offers complimentary case evaluations to discuss options for recovering losses [2][4]. - The founding partner of the firm has a track record of recovering over $5.5 billion for investors affected by corporate wrongdoing [4].