NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong announce that a securities action has been commenced on behalf of investors who purchased ZTO Express (Cayman), Inc. ("ZTO Express") (NYSE:ZTO) securities pursuant and/or traceable to the Company’s Initial Public Offering on or about October 27, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra-sbm/zto-express-cayman-inc?wire=2. There is no cost or obligation to you.
The complaint alleges that the Registration Statement used to conduct the IPO contained inaccurate statements and omitted material information. In particular, the complaint alleges that ZTO Express failed to disclose that: (1) it was improperly inflating its stated profit margins by keeping certain low-margin segments of its business out of its financial statements; (2) it used a system of “network partners” to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations; and (3) by keeping the “network partners” businesses off its own books, the Company allegedly was able to exaggerate its profit margins to investors.
If you suffered a loss in ZTO Express you have until October 16, 2017 to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sbm/zto-express-cayman-inc?wire=2.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.