Jayud Securities Suit Nears Lead‑Plaintiff Deadline as Firms Court Investors
Plaintiffs allege a social‑media promotion inflated Jayud’s low‑float stock before a sharp collapse.
Overview
- Investors have until January 19–20, 2026 to seek lead‑plaintiff status for claims covering April 21, 2023 through April 30, 2025.
- The SDNY case, Lindstrom v. Jayud Global Logistics Limited (No. 25‑cv‑09662), alleges a social‑media‑driven pump‑and‑dump using impersonated financial professionals.
- Plaintiffs contend insiders or affiliates sold shares via offshore or nominee accounts during the alleged price‑inflation campaign.
- Jayud’s 2023 IPO had a low public float, and the stock’s April 1, 2025 surge to $7.97 was followed by a 95.6% after‑hours drop to $0.35 on April 2.
- Portnoy, Bragar Eagel & Squire, Kirby McInerney, Rosen, Kahn Swick & Foti/ClaimsFiler, and Bernstein Liebhard are soliciting investors, and no class has been certified and the allegations remain unproven.