Law Firms Rally Jayud Investors Ahead of Jan. 20 Lead-Plaintiff Deadline in SDNY Suit
Filed complaints allege a social-media promotion using impersonated advisers and offshore dumping of shares, but the litigation remains at an early stage with no class certified.
Overview
- A federal securities class action against Jayud Global Logistics (NASDAQ: JYD) is pending in the Southern District of New York covering April 21, 2023 through April 30, 2025.
- Notices from Rosen Law Firm, Wolf Haldenstein, and the Law Offices of Howard G. Smith urge investors with losses to contact them and consider seeking lead-plaintiff status by January 20, 2026.
- The complaints claim Jayud was the target of a fraudulent stock promotion fueled by social media misinformation and impersonated financial professionals.
- Plaintiffs allege insiders or affiliates used offshore or nominee accounts to coordinate the dumping of shares and that company disclosures omitted the artificial trading activity.
- The firms emphasize that a lawsuit has been filed, no class has been certified, and investors are not represented by counsel unless they retain one.