LOS ANGELES–(BUSINESS WIRE)–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 breach of federal securities laws.
Investors who purchased the Company’s American Depository Shares (“ADS”) as part of the Company’s initial public offering made on November 19, 2020 (the “IPO”) and/or which may be attached thereto ci, 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 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 via the firm’s website at www.schallfirm.com or by e-mail 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 do nothing, you can remain an absent member of the group.
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 brands throughout the IPO period, claiming “healthy” revenue growth. The company’s two main brands were in decline before the IPO and throughout 2021, despite what it previously claimed. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO and class action period. When the market learned the truth about Yatsen, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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