Bragar Eagle & Squire, PC reminds investors of this class

Bragar Eagle & Squire, PC reminds investors of this class


NEW YORK, Oct. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of Yatsen Holding Ltd. shareholders. (NYSE:YSG), Barclays PLC (NYSE:BCS), Warner Bros. Discovery, Inc. (NASDAQ:WBD) and Olo, Inc. (NYSE:OLO). Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Yatsen Holding Ltd. (NYSE:YSG)

Collection Period: November 19, 2020 – March 10, 2022 or pursuant to the Company’s IPO on November 19, 2020

Lead Plaintiff Deadline: November 22, 2022

Yatsen operates in the China cosmetics market and derives substantially all of its net sales from the sale of beauty products under the Perfect Diary and Little Ondine Brands.

According to the lawsuit filed in the Southern District of New York during the class-action period, including the registration statement and prospectus used to conduct the company’s IPO, Yatsen and the other named defendants misled investors into believing so Perfect Diary and Little Ondine thrived, driving Yatsen’s “healthy” revenue growth at the time of the IPO and quarter after quarter thereafter. In truth, however, they are cosmetics and skincare sales Perfect Diary and Little Ondine Products declined in the period leading up to (and including) the IPO and throughout 2021. In addition, when the truth about Yatsen’s business broke out, the value of the company’s shares fell dramatically, resulting in significant losses for Yatsen’s investors.

At the start of the lawsuit, Yatsen shares were trading at just $0.39 per ADS, down over 96% from the IPO offering price of $10.50.

For more information on the Yatsen class action go to:

Barclays PLC (NYSE:BCS)

Class period: February 18 …

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