LOS ANGELES, CA / ACCESSWIRE / November 22, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Yatsen Holding Limited ("Yatsen" or "the Company") (NYSE:YSG) for violations of the federal securities laws.
Investors who purchased the Company's American Depository Shares ("ADS") pursuant and/or traceable to the Company's initial public offering conducted on November 19, 2020 (the "IPO"), or between November 19, 2020 and March 10, 2022 (the "Class Period") are encouraged to contact the firm before November 22, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Yatsen touted the success of its Perfect Diary and Little Ondine beauty product brands throughout the IPO period, claiming "healthy" top line growth. The Company's two primary brands were declining in the lead up to the IPO and throughout 2021, despite what it had previously claimed. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO and class period. When the market learned the truth about Yatsen, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm