Jayud Investors Face Lead-Plaintiff Deadline as Law Firms Rally Clients in Stock-Promotion Suit
The lawsuit alleges a social-media pump-and-dump behind a brief surge followed by a steep collapse.
Overview
- Investors who bought Jayud shares from April 21, 2023 through April 30, 2025 face a lead-plaintiff deadline of January 20, 2026, with one notice citing January 19.
- Complaints assert the stock was driven by social-media misinformation, including impersonated financial professionals, and that affiliates dumped shares via offshore or nominee accounts.
- Filings highlight extreme April 2025 volatility, noting a spike toward $8 and an ensuing drop of roughly 95% into April 2, 2025.
- Plaintiff firms courting investors include Berger Montague, Rosen Law Firm, Glancy Prongay & Murray, Pomerantz, and Kirby McInerney.
- No class has been certified and the case is at an early stage, so the allegations remain unproven.