Cases
ZTO Express (Cayman) Inc.
Securities Class Action
Overview
Overview
- Date:
- 10/11/2017
- Company Name:
- ZTO Express (Cayman) Inc.
- Stock Symbol:
- ZTO
- Class Period:
- FROM 10/24/2016 TO 8/14/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, October 11, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired ZTO Express (Cayman) Inc. (NYSE: ZTO) securities between October 24, 2016 and August 14, 2017 (the “Class Period”). Investors have until October 16, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that the Registration Statement used to conduct the IPO contained inaccurate statements and omitted material information. In particular, the complaint alleges that ZTO Express failed to disclose that: (1) it was improperly inflating its stated profit margins by keeping certain low-margin segments of its business out of its financial statements; (2) it used a system of "network partners" to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations; and (3) by keeping the "network partners" businesses off its own books, the Company allegedly was able to exaggerate its profit margins to investors.
If you purchased or otherwise acquired ZTO securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that the Registration Statement used to conduct the IPO contained inaccurate statements and omitted material information. In particular, the complaint alleges that ZTO Express failed to disclose that: (1) it was improperly inflating its stated profit margins by keeping certain low-margin segments of its business out of its financial statements; (2) it used a system of "network partners" to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations; and (3) by keeping the "network partners" businesses off its own books, the Company allegedly was able to exaggerate its profit margins to investors.
If you purchased or otherwise acquired ZTO securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.