Le Lézard
Classified in: Business
Subject: ATY

ROSEN, A TOP RANKED LAW FIRM, Encourages Yatsen Holding Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action - YSG


NEW YORK, Sept. 27, 2022 /PRNewswire/ --

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Yatsen Holding Limited (NYSE: YSG): (i) pursuant and/or traceable to the the Company's initial public offering conducted on or about November 19, 2020 (the "IPO"); and/or (ii) between November 19, 2020 and March 10, 2022, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than November 22, 2022.

SO WHAT: If you purchased Yatsen securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Yatsen class action, go to https://rosenlegal.com/submit-form/?case_id=8895 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, including in the registration statement and prospectus used to effectuate the Company's IPO, Yatsen and the other named defendants misled investors into believing that Perfect Diary and Little Ondine were thriving, thereby driving Yatsen's "healthy" top-line growth at the time of its IPO and quarter after quarter thereafter. In truth, however, cosmetic and skincare sales of Perfect Diary and Little Ondine products were declining in the period leading up to (and including at the time of) the IPO and throughout 2021. Moreover, as the truth about Yatsen's business reached the market, the value of the Company's shares declined dramatically, causing Yatsen investors to suffer significant damages. By the commencement of the action, Yatsen's shares traded as low as $0.39 per ADS, representing a decline of over 96% from the $10.50 IPO offering price.

To join the Yatsen class action, go to https://rosenlegal.com/submit-form/?case_id=8895 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

SOURCE Rosen Law Firm, P.A.


These press releases may also interest you

at 07:35
Wiley , one of the world's largest publishers and a global leader in scientific research and career-connected education, today announced results for the second quarter ended October 31, 2022. GAAP Results: Revenue of $515 million (-3% vs. prior...

at 07:35
AstroNova, Inc. , a global leader in data visualization technologies, today announced financial results for its fiscal 2023 third quarter ended October 29, 2022. "We posted solid results in the third quarter, generating record revenue that reflected...

at 07:30
HydroGraph Clean Power Inc. (HG.CN) (the "Company" or "HydroGraph"), a commercial manufacturer of high-quality nanomaterials and alternative-energy fuels, has announced the appointment of Randall Zajac as Director of Business Development for Resins...

at 07:30
Today, the Ontario Real Estate Association (OREA) is celebrating its 100th anniversary, commemorating the last century of organized real estate. OREA was founded in 1922 with a vision to organize real estate activities province-wide and to bring...

at 07:30
Versus Systems Inc. ("Versus" or the "Company") today announced the pricing of its public offering of 2,100,000 units for gross proceeds of approximately $2.1 million, before deducting placement agent fees and other offering expenses payable by...

at 07:30
National Bank of Canada ("National Bank") today announced its intention to redeem, on February 1, 2023, $750,000,000 of 3.183% medium term notes (Non-Viability Contingent Capital (NVCC)) due February 1, 2028 (the "Notes"), at a redemption price which...



News published on 27 september 2022 at 18:51 and distributed by: