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Press Release: CLASS ACTION UPDATE for JT, EIX and CMCM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders


NEW YORK, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.Jianpu Technology Inc. (NYSE: JT)
Class Period:
Pursuant and/or traceable to the initial public offering on or about November 16, 2017
Lead Plaintiff Deadline: December 24, 2018
Join the action: https://www.zlk.com/pslra-1/jianpu-technology-inc-loss-form?wire=3
The complaint alleges that the Company’s IPO offering materials contained inaccurate statements of material fact and/or omitted material information required to be disclosed in order to make such statements not misleading, including failure to disclose that the China Banking Regulatory Commission and three other Chinese regulators had issued rules in 2016 requiring peer-to-peer lending companies to appoint qualified banking institutions as custodians and disclose their use of deposits. On November 21, 2017, news outlets reported that China’s Financial Stability and Development Committee (“FSDC”) had issued an urgent notice to provincial governments urging them to suspend regulatory approval of new internet micro-loan companies. Following this news, Jianpu’s shares fell over 38% in three days and closed at $4.90 per share on November 24, 2017.To learn more about the Jianpu Technology Inc. class action contact @levikorsinsky.com" rel="nofollow" target="_blank" title="">This email address is being protected from spambots. You need JavaScript enabled to view it..
Edison International (NYSE: EIX)
Class Period:
February 23, 2016 - November 12, 2018
Lead Plaintiff Deadline: January 15, 2019
Join the action: https://www.zlk.com/pslra-1/edison-international-loss-form?wire=3
Allegations: Edison International made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) the Company failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; (ii) consequently, the Company was in violation of sta...


Posted: 2018-12-05 22:08:00

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