LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Pintec Technology Holdings Limited (“Pintec” or “the Company”) (NASDAQ: PT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Pintec completed its initial public offering (“IPO”) in October 2018, selling 3.7 American Depositary Shares (“ADSs”) at $11.88 per share. The Company admitted on April 30, 2019, that it would not be able to file its 2018 annual report in a timely manner, the first filing of a Form 20-F since the Company went public. Pintec shares have traded as low as $2.80 per share, a precipitous drop from its IPO price.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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