Class Action Lawsuit Filed Against Jayud Global Logistics Limited: What Investors Need to Know
Class Action Lawsuit Against Jayud Global Logistics Limited
National plaintiffs' law firm, Berger Montague PC, has taken significant legal action by filing a class action lawsuit against Jayud Global Logistics Limited, a company which trades on the NASDAQ under the ticker symbol JYD. This legal action is primarily intended to protect the interests of investors who bought shares of Jayud during a specified period from April 21, 2023, to April 30, 2025.
What Sparked the Lawsuit?
Jayud Global Logistics, whose headquarters are in Shenzhen, China, has been heavily involved in offering global cross-border supply chain solutions. This includes various services such as freight forwarding, supply chain management, customs brokerage, and logistics IT systems. During the defined Class Period, Jayud's stock prices saw an extraordinary and seemingly unwarranted increase. After beginning at around $1.00 per share, the stock price skyrocketed to near $8.00 without any substantial business developments or announcements justifying such a surge.
The crux of the complaint alleges that this price increase was a result of a fraudulent scheme orchestrated by insiders or associates. These individuals are accused of manipulating the stock's price through a
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