Deadline in Lawsuit for Investors in shares of ZTO
Post# of 301275
SAN DIEGO, Oct. 09, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on October 16, 2017 in the lawsuit that was filed for certain investors in ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO ) shares over alleged Securities Laws Violations by ZTO Express (Cayman) Inc in connection with the Company’s October 27, 2016 initial public offering (“IPO”).
Investors who purchased shares of ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO ) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the IPO Registration Statement and Prospectus contained allegedly materially false and misleading information, and failed to disclose that ZTO Express (Cayman) Inc was improperly inflating its stated profit margins by keeping certain low-margin segments of its business out of its financial statements. The plaintiff alleges that ZTO Express (Cayman) Inc failed to disclose that it used a system of “network partners” to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations. By keeping the “network partners” businesses off its own books, the Company allegedly was able to exaggerate its profit margins to investors.
Those who purchased ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO ) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
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