SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that it filed a class action lawsuit on behalf of all persons who purchased or otherwise acquired KE Holdings, Inc. ("KE Holdings") (NYSE: BEKE) securities between August 13, 2020 and December 16, 2021 (the "Class Period") for among other things, violations of the Securities Exchange Act of 1934.
If you suffered a loss due to KE Holdings Inc.'s misconduct, click here.
KE Holdings, Inc. Is Accused of Disseminating False and Misleading Information Regarding Transaction Volumes, Store Count and Agent Count, and Transaction Data
The action arises out of the Company's misstatements materially overstating its store count, agent count, new home sales gross transaction value ("GTV"), and revenues. The complaint alleges that defendants made materially false and misleading statements and omissions, and engaged in a scheme to deceive the market. The truth began to come to light when Muddy Waters Capital LLC, a research based equity investor, revealed that KE Holdings was overstating the agents and stores on its platforms, its GTV, and its revenues, among other wrongdoing. These misstatements artificially inflated the price of KE Holdings' ADSs and operated as a fraud or deceit on the shareholder class. When the truth was revealed, the Company's ADS price fell substantially and has continued falling since.
If you purchased or otherwise acquired KE Holdings ADSs between August 13, 2020 and December 16, 2021, you have up to February 28, 2022, to ask the court to appoint you as the lead plaintiff for the class.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against KE Holdings Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.