{"id":87106,"date":"2023-03-22T05:00:16","date_gmt":"2023-03-22T05:00:16","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=63f68c7003977978fd4e0293543747ed"},"modified":"2023-03-22T05:00:16","modified_gmt":"2023-03-22T05:00:16","slug":"rosen-national-trial-lawyers-encourages-zto-express-cayman-inc-investors-to-inquire-about-securities-class-action-investigation-zto","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/rosen-national-trial-lawyers-encourages-zto-express-cayman-inc-investors-to-inquire-about-securities-class-action-investigation-zto\/","title":{"rendered":"ROSEN, NATIONAL TRIAL LAWYERS, Encourages ZTO Express (Cayman) Inc. Investors to Inquire About Securities Class Action Investigation \u2013 ZTO"},"content":{"rendered":"
\n

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of ZTO Express (Cayman) Inc. (NYSE: ZTO) resulting from allegations that ZTO Express may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased ZTO securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=12595<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On March 2, 2023, market analyst Grizzly Research published a report on ZTO Express called \u201cZTO Express Inc. (NYSE: ZTO): China\u2019s \u201cBest-in-Class\u201d Logistics Company is Really \u201cBest in Show\u201d; We Believe Financials are Fake and Insiders are Stealing from the Company.\u201d The report alleged that ZTO Express has falsified various financial metrics in its Securities & Exchange Commission (\u201cSEC\u201d) filings, including its margins, by understating revenues and overstating net profit. Further, the report alleged, among other things, that ZTO Express underreports employees to decrease its costs, that its utilizes \u201csham network partner acquisitions to enrich insiders\u201d and engages in undisclosed related party transactions.<\/p>\n

On this news, ZTO Express\u2019s American Depositary Share (\u201cADR\u201d) price fell $1.06, or 4.32%, per ADR in intraday trading.<\/p>\n

WHY ROSEN LAW: <\/strong>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\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

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

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a> <\/p>\n

GlobeNewswire Distribution ID 8792825<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of ZTO Express (Cayman) Inc. (NYSE: ZTO) resulting from allegations that ZTO Express may have issued materially misleading business information to the investing public. SO WHAT: If [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nROSEN, NATIONAL TRIAL LAWYERS, Encourages ZTO Express (Cayman) Inc. 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