LOS ANGELES, CA / ACCESSWIRE / September 9, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LexinFintech Holdings Ltd. ("LexinFintech" or "the Company") (NASDAQ:LX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. LexinFintech is the subject of a report issued by Grizzly Research on August 25, 2020. According to the report, the Company reported "unfathomably low" delinquency rates by engaging in a scheme in which it provided funds to borrowers in default to make their payments. The report also claims that the Company's web traffic is far too low to match its purported rate of growth. Based on this news, shares of LexinFintech fell sharply the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE: The Schall Law Firm
View source version on accesswire.com: