An investigation on behalf of current long term investors in PPDAI Group Inc. (NYSE: PPDF) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: PPDF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/09/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of PPDAI Group Inc..
Investors who are investors in PPDAI Group Inc. (NYSE: PPDF) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: PPDF stocks follows a lawsuit filed against PPDAI Group Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PPDF stocks, concerns whether certain PPDAI Group officers and directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that defendants made false and/or misleading statements and/or failed to disclose that PPDAI Group Inc. was engaged in predatory lending practices that saddled subprime borrowers and those with poor or limited credit histories with high interest rate debt they could not repay, that PPDAI Group Inc. many of PPDAIs customers were using PPDAI-provided loans to repay existing loans they otherwise could not afford to repay, thereby inflating PPDAIs revenues and active borrower numbers and increasing the likelihood of defaults, that PPDAI Group Inc. was experiencing increasing delinquency rates, negatively affecting PPDAIs reserves, that PPDAI Group Inc's purported rapid growth in the number and amount of loans had materially dropped off, that PPDAI Group Inc. was providing online loans to college students despite a government ban on the practice, that PPDAI Group Inc. was engaged in overly aggressive and improper collection practices, and that as a result of its improper lending, underwriting, and collection practices, PPDAI was subject to heightened risk of adverse actions by Chinese regulators
Those who purchased shares of PPDAI Group Inc. (NYSE: PPDF) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels