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QFIN News: Berger Montague Investigates Securities Fraud Claims Against 360 DigiTech, Inc. (QFIN); Lead Plaintiff Deadline is September 13, 2021

Newsfile Corp.
·2 min read

Philadelphia, Pennsylvania--(Newsfile Corp. - July 30, 2021) - Berger Montague is investigating securities fraud claims against 360 DigiTech, Inc. ("360 DigiTech" or the "Company"). The Firm is investigating these allegations on behalf of investors who purchased 360 DigiTech securities (NASDAQ: QFIN) between April 30, 2020 and July 7, 2021 (the "Class Period").

If you purchased 360 DigiTech securities during the Class Period and would like to learn more about Berger Montague's investigation, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Donnell Much at dmuch@bm.net or (215) 875-4667, or visit www.bergermontague.com/360-digitech.

360 DigiTech is an operator of a digital consumer finance platform in the People's Republic of China. According to a recently filed lawsuit, the Company and its senior executives misled investors and/or failed to disclose that 360 DigiTech had been collecting personal information in violation of relevant PRC laws, thus exposing the Company to increased regulatory scrutiny.

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On July 8, 2021, reports circulated on social media that 360 DigiTech's core product, the 360 IOU app, had been removed from major app stores. On this news, the Company's share price fell $7.12 per share, more than 21%, to close at $26.02 on July 8, 2021.

Then, on July 9, 2021, Seeking Alpha reported that 360 DigiTech confirmed the removal of its 360 IOU app from the Android app store and quoted a 360 DigiTech spokesperson as stating that the Company had "submitted a new rectification plan and stepped up the whole process."

Whistleblowers: Anyone with non-public information regarding 360 DigiTech is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net

Donnell Much, Associate
Berger Montague
(215) 875-4667
dmuch@bm.net

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91703