LOS ANGELES, April 17, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JD.com, Inc. (“JD.com” or “the Company”) (NASDAQ: JD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. JD.com Chairman and CEO Richard Liu was arrested in Minnesota on charges of sexual misconduct on August 31, 2018. Although he was released the next day, University of Minnesota student Liu Jingyao has filed a civil lawsuit against Liu. The lawsuit alleges that the student was given alcohol and coerced into Liu’s limo, only to be raped in her own apartment.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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