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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Class Action

LOS ANGELES — Yirendai Ltd. and its top bosses Yihan Fang and Yu Cong, all of China, inflated the company's share price with false and misleading statements and it fell by 22% on Aug. 24, from $31.44 to $24.52, when the truth came out, shareholders claim in Federal Court.

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