Saturday, February 08, 2020 9:06:33 AM
Did you purchase stock in Qudian Inc. (NYSE: QD) ("Qudian") between December 13, 2018, and January 15, 2020? The price of your stock may have been artificially inflated by material misrepresentations or nondisclosure of information concerning Qudian’s projected financial performance in 2019 because Qudian failed to account for regulatory changes in China that caused increased delinquency rates in its loan portfolio. As a result, Qudian was forced to withdraw its 2019 financial guidance, and the price of its ADSs fell 19.13% on January 16, 2020.
If you purchased Qudian stock during this period, and the value of that stock has declined, or you have sustained a loss, you may have a claim under the federal securities laws. No out-of-pocket costs you whatsoever.
Interested in learning more? Contact us at jgrabar@grabarlaw.com or 267-507-6085.
Thank you,
Josh
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