SHAREHOLDER REMINDER: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Stockholder Class Action Lawsuit
Filed Against Qudian Inc.
The law firm of Kessler Topaz Meltzer & Check, LLP reminds Qudian Inc. (NYSE: QD) (“Qudian” or the “Company”) shareholders
that a class action lawsuit has been filed on behalf of investors who purchased the Company’s securities between
October 18, 2017 and November 20, 2017 , inclusive (the “Class Period”).
REMINDER: Qudian investors who purchased securities during the Class Period may, no later than
February 12, 2018, seek to be appointed as a lead plaintiff representative of the class. For additional
information please visit www.ktmc.com/new-cases/qudian-inc#join .
Investors who wish to discuss their legal rights or interests with respect to this action are encouraged to contact Kessler
Topaz Meltzer & Check (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (888) 299 – 7706 or (610)
667–7706, or via e-mail at info@ktmc.com.
Qudian operates online consumer finance platforms in the People’s Republic of China. The Company offers small-sized cash credit
products and merchandise credit products. On October 18, 2017, Qudian completed an initial public offering (“IPO”) of its
securities, selling over 43 million shares to investors at $24.00 per share, for gross proceeds of over $1 billion.
The stockholder class action complaint alleges that Qudian’s IPO documents were negligently prepared, contained untrue
statements of material fact, and were not prepared in accordance with the rules and regulations governing their preparation. Among
other things, the complaint alleges that Qudian’s IPO documents failed to disclose that: (1) Qudian engaged into unethical business
and accounting practices, (2) Qudian failed to maintain adequate control to ensure the protection and safety of its users’ personal
information, and (3) consequently, Qudian was exposing detailed user data to leakages and online resale.
On November 21, 2017, Bloomberg published an article entitled “Chinese Online Lender Qudian Reportedly Suffers Data Leak
Related to Millions of Student Users.” Following that news, shares of the Company’s securities declined to as low as $12.22 per
share on November 24, 2017.
Qudian investors may, no later than February 12, 2018 , petition the Court to be appointed as a
lead plaintiff representative of the class through Kessler Topaz Meltzer & Check or other counsel, or may choose to do nothing
and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing
the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of
the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to
share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz
Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of
institutional and individual investors from the United States and around the world. The firm represents investors, consumers and
whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government
dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz
Meltzer & Check, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
888-299-7706
610-667-7706
info@ktmc.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180117005001/en/