Deadline for applications from lead plaintiffs: December 28, 2026. Investors who purchased securities with the NYSE ticker YRD between April 29, 2026, and October 13, 2026, may be eligible to recover their losses.
New York, November 3rd / PRNewswire / -- Attorney Advertisements -- This lawsuit is intended to represent all individuals and entities that purchased or otherwise acquired Yiren securities between April 29, 2026, and October 13, 2026 (including both start and end dates), herein referred to as the "class action period," in order to seek compensation for losses allegedly incurred due to violations of federal securities laws. Relevant investors are encouraged to join this case by visiting the law firm's website at bgandg.com / cases / yiren-digital-ltd-yrd-class-action-lawsuit.
Yiren Case Details
The indictment alleges that throughout the duration of the class action, the defendant made false and/or misleading statements, and/or failed to disclose the following facts:
- The controlling shareholder of Yiren, CreditEase, and its related parties are all under the control of the defendant Ning Tang, and they are facing severe financial difficulties, which affects their ability to fulfill their obligations;
- Therefore, the billions of yuan in debt owed by CreditEase's related parties to Yiren are facing significant credit risks;
- In light of the shared management between the two parties, the dependency of Yiren on CreditEase, and the relationship between Yiren and its related party CreditEase which has breached its contract, Yiren is not independent of the CreditEase transaction, nor is it affected by it;
- Mr. Tang, as the executive chairman, CEO, and controlling shareholder of Yiren, is facing significant legal and regulatory risks, including the possibility of bearing criminal responsibility for the actions of CreditEase; as well as
- Therefore, the public statements made by the defendant at all relevant times are essentially false and/or misleading.
Yiren What should investors do next?
A class action has been filed. If you would like to view a copy of the complaint, you may visit the website of that law firm: bgandg.com / cases / yiren-digital-ltd-yrd-class-action-lawsuit; or contact the Peretz Bronstein lawyers or client relationship managers at Bronstein, Gewirtz & Grossman, LLC, Nathan Miller, at telephone number 917-590-0911. If you have suffered losses from your investment in Yiren, you may request the court to appoint you as the lead plaintiff before December 28, 2026. Even if you do not serve as the lead plaintiff, you are still entitled to any recovery of funds.
Yiren Investors do not need to bear upfront costs.
Bronstein, Gewirtz & Grossman LLC indicate that the firm handles class actions on behalf of investors, adopting a risk-based contingency fee structure. This means that the firm will only request the court to reimburse its out-of-pocket expenses and attorney fees, which are typically a certain percentage of the total amount recovered, in the event of a successful outcome.
Why choose Bronstein, Gewirtz, Grossman, and LLC to act as proxies for the Yiren securities class action?
Bronstein, Gewirtz & Grossman, LLC claim that this firm is a nationally renowned law firm that represents investors in securities fraud class actions and derivative lawsuits filed by shareholders. The firm states that it has recovered hundreds of millions of dollars for investors across the United States. For more information, please visit www.bgandg.com.
Bronstein, Gewirtz & Grossman, LLC founding partners. Peretz Bronstein stated: "Our focus is on restoring investors' capital and ensuring corporate accountability, which helps to maintain the fundamental integrity of the market."
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Contact Information
Peretz Bronstein, Esq. Or Nathan Miller.
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | info @ bgandg.com
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