A securities class action has been filed in the USDC – S.D.N.Y. against Jayud Global Logistics Ltd. (JYD) (“Jayud” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Jayud securities April 21, 2023, and April 30, 2025, both dates inclusive (the “Class Period”).
The Company claims to provide a range of worldwide cross-border supply chain solution services. Specifically, freight forwarding services, such as integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. Also, supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems are advertised on their website.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and the true nature of the trading activity in its securities. Specifically, Defendants failed to disclose to investors:
(1) that Jayud was the subject of a fraudulent stock promotion scheme involving social media-based misinformation and impersonated financial professionals;
(2) that insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign;
(3) that Jayud’s public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity driving the stock price; and
(4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, thereby harming investors.
If you purchased Jayud securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.