Jayud Securities Class Action Approaches Lead-Plaintiff Deadline as Investor Firms Mobilize
The case centers on claims of a social‑media promotion that inflated the low‑float stock before an abrupt April 2025 plunge.
Overview
- Investors face a January 19–20, 2026 window to seek lead‑plaintiff status in Lindstrom v. Jayud Global Logistics Limited, No. 25‑cv‑09662, pending in the Southern District of New York.
- The putative class covers purchases of Jayud securities from April 21, 2023 through April 30, 2025.
- Complaints allege a pump‑and‑dump driven by misinformation and impersonated finance professionals on social platforms, coupled with insider or affiliate selling through offshore or nominee accounts.
- Filings assert Jayud’s disclosures omitted the alleged artificial trading activity, rendering positive statements misleading, while no class has been certified and the allegations remain unproven.
- Rosen, Pomerantz, Glancy Prongay & Murray, Kirby McInerney, Kahn Swick & Foti, Robbins LLP, and Berger Montague have issued notices urging affected shareholders to contact them.