IRVINE, CA / ACCESSWIRE / October 6, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against ZTO Express (Cayman) Inc. (“ZTO” or the “Company”) (NYSE: ZTO). Investors, who purchased or otherwise acquired ZTO shares in connection with its October 27, 2016 initial public offering (the “IPO”), are encouraged to contact the Firm before the October 16, 2017 lead plaintiff motion deadline.
If you purchased ZTO shares pursuant and/or traceable to the IPO, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, the Registration Statement and Prospectus issued in connection with the IPO contained materially false and misleading information, and/or failed to disclose material information. At the time of the IPO, ZTO improperly inflated its stated profit margins by keeping certain low-margin segments of its business out of its financial statements. The Company failed to disclose that it used a system of “network partners” to handle lower-margin pickup and delivery services while maintaining ownership of core hub operations. ZTO was able to exaggerate its profit margins by keeping the “network partners” businesses off its own books. Since the IPO, ZTO’s stock price fell materially, which caused investors harm according to the lawsuit.
If you want to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at email@example.com.
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Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP