CHESTNUT HILL, MA / ACCESSWIRE / March 25, 2020 / Sokolove Law announces an investigation into a securities class action lawsuit filed against DouYu International Holdings Limited (DOYU) on behalf shareholders. DOYU investors who purchased stock during the IPO on July 18, 2019 or up to December 31, 2019 who are interested in learning more about the class action lawsuit should call 800-306-0939 to explore their legal rights. Time is extremely limited- shareholders are encouraged to call without delay.
For more information visit: DOYUFraud.com
DouYu International Holdings Limited (DOYU) is a game-focused live streaming platform in China and a major company in the eSports platform as well. DouYu operates its platform on PC and mobile apps, through which users can play interactive games and live stream entertainment.
The lawsuit in question against DouYu alleges that the IPO Registration Statement and Prospectus the company and other defendants used to ultimately secure over $489 million in net proceeds from investors hid extensive problems at the company. DouYu allegedly concealed that its top streamer was actively misrepresenting herself and costs associated with retaining top streamers was ballooning. DouYu also allegedly did not ensure that all of its products were fully compliant with current regulatory requirements before the products were made available online and key features of DouYu's "Lucky Draw" were non-compliant with current regulatory requirements.
If you are a DOYU investor who purchased shares during the IPO on July 18, 2019 or up to December 31, 2019, call our experienced case managers now at 800-306-0939 to discuss your legal rights in this securities fraud class action lawsuit.
The class has not been certified yet. You are not represented by an attorney until certification occurs. If you do not take action you can remain an absent class member. There is no required minimum number of shares to be a class member.
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