The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of 360 DigiTech, Inc. (NASDAQ: QFIN) who purchased shares between April 29, 2021 and July 7, 2021. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the 360 DigiTech lawsuit alleges that
(i) the Company had been collecting personal information in violation of relevant People’s Republic of China laws and regulations; (ii) accordingly, 360 DigiTech was exposed to an increased risk of regulatory scrutiny and/or enforcement action; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until September 13, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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