INVESTOR ALERT: Investigation of Yirendai Ltd. Announced by The Wagner Firm
26 August 2016 - 8:25PM
Business Wire
The Wagner Firm announces that it is investigating
potential claims on behalf of investors of Yirendai Ltd.
(“Yirendai” or the “Company”) (NYSE: YRD) concerning the Company
and its officers’ possible violations of federal securities laws.
Injured investors are encouraged to contact The Wagner Firm to
discuss their legal rights, and a potential class action lawsuit to
recover investors’ losses.
On August 24, 2016, Bloomberg reported that in an effort to curb
risks in the loosely-regulated shadow-banking sector, China imposed
limits on peer-to-peer lending. Specifically, the new regulations
bar lenders from taking public deposits or selling
wealth-management products, and require lenders to appoint
qualified banks as custodians and improve information disclosure.
Bloomberg also reported that the new regulations cap individual
borrowing at 1 million yuan ($150,000).
On this news, shares of Yirendai fell over 22%, to close at
$24.52 per share on August 24, 2016.
If you purchased Yirendai shares, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Avi Wagner, Esquire, of The Wagner Firm,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
at (310) 491-7949, by e-mail at info@thewagnerfirm.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160826005690/en/
The Wagner Firm, Los Angeles, CAAvi Wagner, (310)
491-7949info@thewagnerfirm.comwww.thewagnerfirm.com
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