NEW
YORK, Nov. 16, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Yatsen
Holding Limited.
Shareholders who purchased shares of YSG during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/yatsen-loss-submission-form/?id=33723&from=4
CLASS PERIOD: This lawsuit is on behalf of a class
consisting of all persons and entities who purchased Yatsen Holding
Limited American Depository Shares ("ADS") between November 19, 2020 and March 10, 2022 or acquired Yatsen ADS pursuant or
traceable to documents issued in connection with Yatsen's
November 2020 initial public stock
offering.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: the registration
statement and prospectus used to effectuate the Company's initial
public offering ("IPO"), Yatsen and the other named defendants
misled investors into believing that Yatsen's most significant
brands, 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.
DEADLINE: November 22, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/yatsen-loss-submission-form/?id=33723&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of YSG during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is November 22, 2022. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-yatsen-holding-limited-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-22-2022--nyse-ysg-301679410.html
SOURCE The Gross Law Firm