Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 03, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises ZTO Express (Cayman) Inc. (: ZTO) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. ZTO Express investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Grizzly Research published a report on March 2, 2023, regarding ZTO Express, titled "ZTO Express Inc. (: ZTO): China's "Best-in-Class" Logistics Company is Really "Best in Show"; We Believe Financials are Fake and Insiders are Stealing from the Company." The report made allegations that ZTO Express had falsified various financial metrics in its Securities & Exchange Commission ("SEC") filings, including its margins, by understating revenues and overstating net profit. Additionally, the report alleged that ZTO Express underreports employees to decrease costs and engages in undisclosed related party transactions, among other things. As a result of this news, ZTO Express's American Depositary Share ("ADR") price decreased by $1.06, or 4.32%, per ADR in intraday trading.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com
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