Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, today announced that it has filed a class action lawsuit against Defendants Jayud Global Logistics Limited, Xiaogang Geng, Alan Tan Khim Guan, Lin Bao, Mengmeng Hu, Freidman, LLP, and Marcum Asia CPAs, LLP (collectively, the “Defendants”).
Jayud is a logistics company that provides 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 Defendants violated provisions of the Securities Act by making 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. The complaint alleges that Defendants were uniquely situated to orchestrate a pump-and-dump scheme on its class A ordinary shares. After Plaintiffs and class members purchased Jayud securities, the complaint alleges that Jayud filed a Form 20-F with the SEC detailing the risks related to its Class A Ordinary Shares.
If you purchased Jayud Securities between April 21, 2023 and April 30, 2025, inclusive, and have suffered significant losses, realized or unrealized, you are encouraged to contact Scott+Scott attorney Mollie Chadwick at (619) 798-5307, or via email at [email protected], for more information.
CONTACT:
Mollie Chadwick
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300, San Diego, CA 92101
(619) 798-5307
[email protected]