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NEW YORK, NY / ACCESSWIRE / May 10, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential claims on behalf of purchasers of So-Young International Inc. ("So-Young" or "the Company") (NASDAQ:SY). The investigation concerns whether So-Young and certain of its officers and/or directors have violated federal securities laws.
On May 6, 2021, Blue Orca Capital published a report about So-Young stating "Lips can be fake. Financials shouldn't be." The report stated that Blue Orca's "Data Scrape Shows Widespread Booking Fabrication on SY's Platform[,]" and that Blue Orca "estimate[s] that SY exaggerates the bookings from these clinics by at least 4-5x during the period we monitored. We think this indicates, persuasively, that SY is inflating both the popularity of its platform and its reported revenues." The report continued that "[l]ike SY's booking revenues, we think the evidence shows that SY's advertising revenues are largely inflated[,]" due in part to Blue Orca's "data scrapping reveal[ing] that 24% of the clinics sold zero procedures on SY's platform in 2020[,]" and "that over 50% of the clinics listed on the platform had 50 or fewer bookings."
If you currently own stock or options in So-Young and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at email@example.com
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
David J. Schwartz
SOURCE: Labaton Sucharow LLP
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