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INVESTOR ALERT: Investigation of Yirendai Ltd. Announced by The Wagner FirmThe Wagner Firm announces that it is investigating potential claims on behalf of investors of Yirendai Ltd. ("Yirendai" or the "Company") (NYSE: YRD) concerning the Company and its officers' possible violations of federal securities laws. Injured investors are encouraged to contact The Wagner Firm to discuss their legal rights, and a potetial class action lawsuit to recover investors' losses. On August 24, 2016, Bloomberg (News - Alert) reported that in an effort to curb risks in the loosely-regulated shadow-banking sector, China imposed limits on peer-to-peer lending. Specifically, the new regulations bar lenders from taking public deposits or selling wealth-management products, and require lenders to appoint qualified banks as custodians and improve information disclosure. Bloomberg also reported that the new regulations cap individual borrowing at 1 million yuan ($150,000). On this news, shares of Yirendai fell over 22%, to close at $24.52 per share on August 24, 2016. If you purchased Yirendai shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 491-7949, by e-mail at [email protected]. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160826005690/en/ |
