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LX ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of November 9, 2020 in the Class Action Filed on Behalf of Lexinfintech Holdings, Ltd. Limited Shareholders

Newsfile Corp.

New York, New York--(Newsfile Corp. - September 16, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Lexinfintech Holdings, Ltd. (NASDAQ: LX) alleging that the Company violated federal securities laws.

Class Period: April 30, 2019 and August 24, 2020
Lead Plaintiff Deadline: November 9, 2020

Learn more about your recoverable losses in LX:
http://www.kleinstocklaw.com/pslra-1/lexinfintech-holdings-ltd-loss-submission-form?id=9312&from=5

The filed complaint alleges that Lexinfintech Holdings, Ltd. made materially false and/or misleading statements and/or failed to disclose that: (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company's business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) the Company exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) the Company engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders have until November 9, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

For additional information about the LX lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63937