INVESTOR ALERT: Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead the Yatsen Class Action Lawsuit – YSG


SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that the Jazen Class action aimed to represent buyers of Yatsen Holding Limited (NYSE: YSG): (a) American Depository Shares (“ADSs”) between November 19, 2020 and March 10, 2022 inclusive (the “Class Period”) and who were damaged thereby; and/or (b) ADSs pursuant to or traceable to Yatsen’s registration statement on Form F-1 and related prospectus on Form 424B4 (collectively, the “Offering Documents”) issued in connection with Yatsen’s November 2020 initial public offering (the “IPO”) were issued. Titled Maeshiro v Yatsen Holding LimitedNo. 22-cv-08165 (SDNY), the Jazen In a class action lawsuit, Yatsen, certain of its officers and directors, the underwriter of the IPO and others are being charged with violations of the Securities Act of 1933 and/or the Securities Exchange Act of 1934.

If you have suffered significant losses and are the main plaintiff in the Jazen Class action, please provide your information here:

https://www.rgrdlaw.com/cases-yatsen-holding-limited-class-action-lawsuit-ysg.html

You can also contact a lawyer JC Sanchez of Robbins Geller by phone at 800/449-4900 or email [email protected]. List the plaintiff’s applications for the Jazen Class action must be filed with the court no later than November 22, 2022.

CASE CLAIMS: Yatsen is a China-based holding company engaged in the manufacture and sale of cosmetic and skin care products. On November 19, 2020, Yatsen filed the final prospectus for Yatsen’s IPO and made available to the investing public approximately 58.75 million ADSs at a price of $10.50 per ADS.

That Jazen The class action lawsuit alleges that the defendants misled investors into believing that Yatsen’s two largest and most historically significant brands, Perfect Diary and Little Ondine, thrived, driving Yatsen’s “healthy” revenue growth at the time of the IPO and quarter after quarter thereafter. In truth, however, they are cosmetics and skincare sales Perfect Diary and Little Ondine Products were declining in the period leading up to (and including) the IPO and continued to decline throughout 2021.

On August 26, 2021, during the Q2 2021 analyst call, Yatsen Chairman, Founder and CEO Defendant Jinfeng Huang admitted that Yatsen Perfect Diary Business deteriorated (and had deteriorated), forcing Yatsen to “refocus and allocate more resources to continue the growth trend [Yatsen’s] Major brands.” According to Huang, Yatsen “had moved[d] rearrange too quickly [Yatsen’s] Talent into skincare BU.” On August 26, 2021, the price of Yatsen ADSs fell more than 17%.

Then, on or about November 18, 2021, the defendants admitted witnessing a “soft color cosmetics industry environment.” As a result of this news, the price of Yatsen ADSs fell another 17.9%.

Finally, on March 10, 2022, Yatsen released its fourth quarter and full year financial results for the period ended December 31, 2021, revealing that its disappointing financial results were not solely due to issues with Little Ondine but rather Perfect Diary also. Commenting on the “challenging quarter,” Huang blamed “weak consumer demand and intense competition in the color cosmetics segment” for fourth-quarter total net sales falling 22.1% and fourth-quarter gross sales falling 17.2% . Huang later admitted that Yatsen’s disappointing results were the result of a drop in sales of its leading brands. As a result of this news, the price of Yatsen ADSs fell another 39.5%, causing further damage to investors.

Until the beginning of Jazen class action lawsuit, the price of Yatsen ADSs had fallen more than 96% from the IPO price of $10.50.

THE LEADING PLAINTANT TRIAL: The Private Securities Litigation Reform Act 1995 allows any investor who purchased Yatsen ADSs during the Class Period and was harmed thereby and/or purchased Yatsen ADSs pursuant to or traceable from the offering materials issued in connection with the IPO to be nominated to apply for lead plaintiff. A lead plaintiff is generally the claimant who has the greatest financial interest in the remedy sought by the alleged class that is also typical and appropriate for the alleged class. A lead plaintiff acts on behalf of all other group members in the direction of the Jazen class action. The lead plaintiff may select a law firm of his choice to conduct the litigation Jazen class action. An investor’s ability to participate in a potential future recovery is not contingent on being the lead plaintiff in the Jazen class action.

ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action law firms, representing plaintiffs in securities fraud cases. The company ranks first in ISS Securities Class Action Services’ 2021 Top 50 report for recovering nearly $2 billion for investors last year alone — more than triple the amount recovered by any other plaintiffs’ company was reclaimed. With 200 attorneys in 9 offices, Robbins Geller is one of the largest plaintiffs firms in the world, and the firm’s attorneys have secured many of the largest securities class action recoveries in history, including the largest securities class action recovery of all time – $7.2 billion. in Regarding Enron Corp. sec. lig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

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