NEW YORK ,
Nov. 11,
2022 /PRNewswire/ -- Jakubowitz Law announces that a
securities fraud class action lawsuit has commenced on behalf of
shareholders of Yatsen Holding Limited (NYSE: YSG).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/yatsen-holding-limited-loss-submission-form/?id=33538&from=4
This lawsuit is on behalf of a class consisting of all persons
and entities who purchased Yatsen Holding Limited American
Depository Shares ("ADS") between November
19, 2020 and March 10, 2022 or
acquired Yatsen ADS pursuant or traceable to documents issued in
connection with Yatsen's November
2020 initial public stock offering.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 22, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Yatsen Holding Limited issued
materially false and/or misleading statements and/or failed to
disclose that: the registration statement and prospectus used to
effectuate the Company's initial public offering ("IPO"), Yatsen
and the other named defendants misled investors into believing that
Yatsen's most significant brands, Perfect Diary and Little Ondine,
were thriving, thereby driving Yatsen's "healthy" top-line growth
at the time of its IPO and quarter after quarter thereafter. In
truth, however, cosmetic and skincare sales of Perfect Diary and
Little Ondine products were declining in the period leading up to
(and including at the time of) the IPO and throughout 2021.
Moreover, as the truth about Yatsen's business reached the market,
the value of the Company's shares declined dramatically, causing
Yatsen investors to suffer significant damages.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/ysg-shareholder-alert-jakubowitz-law-reminds-yatsen-shareholders-of-a-lead-plaintiff-deadline-of-november-22-2022-301675289.html
SOURCE Jakubowitz Law
