Law Firms Urge Jayud Global Logistics Investors to Seek Lead Role in Securities Class Action

Overview

• The DJS Law Group, The Schall Law Firm, and Bernstein Liebhard issued new notices on December 8 inviting Jayud shareholders to contact counsel.
• Notices reference a putative class covering purchases of JYD shares from April 21, 2023 through April 30, 2025.
• Complaints cite Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5, alleging false or misleading statements by the company.
• Filings contend Jayud benefited from a social-media stock promotion that used impersonated financial professionals and that insiders dumped shares via offshore or nominee accounts.
• One suit is filed in the Southern District of New York, the class has not been certified, and the allegations remain unproven.