Yunji Inc. Securities Litigation

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Lawsuit Overview

Defendant:Yunji Inc.
Date Filed:November 12th, 2019
Sector:Consumer Services
Industry:Other Specialty Stores

Yunji and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company was restructuring its supply chain to shift part of its merchandise sales to its marketplace platform; (ii) this restructuring was likely to disrupt Yunji’s relationships with suppliers; (iii) this restructuring was likely to have an adverse impact on the Company’s financial results; and (iv) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

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Reference Complaint

Chen v. Yunji Inc.

Date Filed:November 22nd, 2019