NEW YORK, Aug. 26, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Yirendai Ltd. ("Yirendai" or the "Company") (NYSE: YRD). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at [email protected] or 212-697-6484.
The investigation concerns whether Yirendai and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 24, 2016, Bloomberg reported that China imposed limits on peer-to-peer lending in order to control risks in the loosely-regulated shadow-banking sector. These new regulations bar lenders from taking public deposits or selling wealth-management products, and force lenders to engage qualified banks as custodians and improve information disclosure. The new regulations also cap individual borrowing at 1 million yuan ($150,000). Following this news, Yirendai stock dropped over 22%, to close at $24.52 per share on August 24, 2016.
If you purchased Yirendai securities or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/yrd. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
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