Jayud Global Logistics Class Actions Advance to Lead-Plaintiff Phase With January Deadline
Plaintiffs allege a social-media pump-and-dump using impersonators with shares unloaded via nominee accounts.
Overview
- Multiple federal securities class actions are filed in the Southern District of New York covering trades from April 21, 2023 through April 30, 2025.
- Investor notices set lead-plaintiff motion deadlines around January 19–20, 2026, with firms including Wolf Haldenstein, Berger Montague, Robbins, Bragar Eagel & Squire, Frank R. Cruz, and Rosen Law seeking interested shareholders.
- Complaints describe a price surge from roughly $1 to about $8 in early 2025 followed by an estimated 95% collapse by April 2, 2025.
- Filings claim materially false or misleading statements and omissions about Jayud’s business, risk disclosures, and the nature of trading activity in its shares.
- The cases remain at an early procedural stage with no class certified and all allegations unproven, and the investor outreach is characterized as attorney advertising.