PR Newswire
BEIJING, July 12, 2017
BEIJING, July 12, 2017 /PRNewswire/ -- Yirendai Ltd. (NYSE:
YRD) ("Yirendai" or the "Company"), today announced that the United States District Court for the Central District of
California (the "Court") dismissed in its entirety a putative securities class action lawsuit
brought against Yirendai and several executives concerning alleged misstatements or omissions in public releases and
regulatory filings made by the Company.
Yirendai is pleased that the Court has dismissed the litigation and concluded that the plaintiff's action, which was not
certified as a class action, shall be dismissed with prejudice.
The lawsuit was docketed under Lefter v. Yirendai Ltd. et al., Civil Action No. 2:16-cv-06437-MWF-AGR (C.D. Cal.) in the United States District Court for the Central District of California.
About Yirenda i
Yirendai Ltd. (NYSE: YRD) is a leading online consumer finance marketplace in China
connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investor
and individual borrower demand in China through an online platform that automates key aspects of
its operations to efficiently match borrowers with investors and execute loan transactions. Yirendai deploys a proprietary risk
management system, which enables the Company to effectively assess the creditworthiness of borrowers, appropriately price the
risks associated with borrowers, and offer quality loan investment opportunities to investors. Yirendai's online marketplace
provides borrowers with quick and convenient access to consumer credit at competitive prices and investors with easy and quick
access to an alternative asset class with attractive returns. For more information, please visit yirendai.investorroom.com.
For investor and media inquiries, please contact:
Yirendai
Hui (Matthew) Li
Director of Investor Relations
Email: matthewli@yirendai.com
Christensen
In China
Christian Arnell
Phone: +86 (0) 10-59001548
E-mail: carnell@christensenir.com
In U.S.
Linda Bergkamp
Phone: +1 (480) 614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE Yirendai Ltd.
