UPCOMING DEADLINE: KE Holdings Inc. Investors Who Have Suffered Substantial Losses Have Opportunity to File Class Action
SAN DIEGO, February 19, 2022 /PRNewswire/ — Robbins Geller Rudmann & Dowd LLP announces that purchasers of American Depository Shares (“ADS”) of KE Holdings Inc. (NYSE: BEKE) enter August 13, 2020 and December 16, 2021inclusively (the “Class Period”) have until Monday, February 28, 2022 to seek appointment as lead applicant in Chin vs. KE Holdings Inc., no. 21-cv-11196. initiated on December 30, 2021 in the southern district of new Yorkthe KE Holdings The class action accuses KE Holdings and some of its senior executives of violating the Securities Exchange Act of 1934.
If you have suffered substantial losses and wish to act as the lead plaintiff of the KE Holdings class action, please provide your information by clicking here. You can also contact attorney JC Sanchez of Robbins Geller by calling 800/449-4900 or emailing [email protected]. Principal Applicant’s Requests for KE Holdings class action must be filed with the court no later than Monday, February 28, 2022.
CASE ALLEGATIONS: KE Holdings claims to be the “first integrated online and offline platform for housing transactions and services in China.”
the KE Holdings The class action alleges that, throughout the Class Period, the defendants made false and misleading statements and failed to disclose that: (i) the defendants inflated the gross trading revenues of KE Holdings (“GTV “); (ii) defendants inflated KE Holdings’ revenues; (iii) defendants inflated the number of stores and agents using the KE Holdings platform; and (iv) as a result, defendants’ statements regarding KE Holdings’ business, operations and prospects were materially misleading and/or lacked reasonable basis.
At December 16, 2021, Muddy Waters Capital LLC, a research-based equity investor, announced that it took a short position in KE Holdings because its research showed that KE Holdings overstated agents and stores on its platforms; its GTV; and his income, among other misdeeds. On this news, KE Holdings ADS prices fell more than 22%, hurting investors.
THE PRINCIPAL APPLICANT PROCESS: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased ADSs of KE Holdings during the Class Period to seek appointment as lead plaintiff in the KE Holdings class action. A principal plaintiff is generally the plaintiff with the greatest financial interest in the remedy sought by the putative class that is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members by directing the KE Holdings class action. The main plaintiff can select a law firm of his choice to plead KE Holdings class action. An investor’s ability to participate in any potential future upturn in the KE Holdings the class action does not depend on the status of principal plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm representing investors in securities class actions. Robbins Geller’s attorneys have secured many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Dry. Dispute. The 2020 ISS Securities Class Action Services Top 50 report ranked Robbins Geller first for his recovery $1.6 billion for investors that year, more than double the amount recovered by any other securities plaintiff company. Please visit http://www.rgrdlaw.com for more information.
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Robbins Geller Rudmann & Dowd LLP
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JC Sanchez, 800-449-4900
SOURCE Robbins Geller Rudman & Dowd LLP