A securities class action has been filed against Yiren Digital Ltd. (YRD) on behalf of purchasers of securities of Yiren Digital between April 29, 2026 through October 13, 2026. This case has been filed in the USDC – CDCA.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) CreditEase, Yiren’s controlling shareholder and its affiliates, all controlled by defendant Ning Tang, were experiencing severe financial distress that impaired their ability to satisfy their obligations; (2) as a result, the billions of RMB owed to Yiren by CreditEase affiliates were subject to significant credit risk; (3) Yiren was not separate from or unaffected by the affairs of CreditEase, given their shared leadership, Yiren’s dependence on CreditEase, and Yiren’s relationships with the CreditEase affiliates whose products defaulted; (4) Defendant Tang, Yiren’s Executive Chairman, CEO, and controlling shareholder, was exposed to material legal and regulatory risk, including potential criminal liability, arising from CreditEase’s conduct; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.