San Diego, CA — 02/06/2018 — A deadline is coming up on February 12, 2018 in the lawsuit filed for investors of Qudian Inc â€“ ADR (NYSE:QD) over alleged securities laws violations by Qudian Inc.
The plaintiff claims that the Defendants violated federal securities laws by making false and/or misleading statements in the IPO's Registration Statement by failing to disclose that Qudian's loan collection practices were materially deficient and/or nonexistent as the Company treated bad loans as welfare, and that Qudian's data systems and procedures were materially inadequate to safeguard sensitive borrower data against breach, and that breaches had occurred.
Those who purchased shares of Qudian Inc â€“ ADR (NYSE:QD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego