Pintec Technology Holdings Limited (NASDAQ: PT)
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Hagens Berman Sobol Shapiro LLP alerts investors in Pintec Technology Holdings Limited (NASDAQ: PT) to the firm's investigation into possible securities law violations.
If you purchased or otherwise acquired securities of PT between October 25, 2018 and May 16, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing PT@hbsslaw.com.
On April 30, 2019, Pintec and senior management announced, without explanation, they would not timely file the Company’s annual report for the period ended December 31, 2018.
Then on May 16, 2019, the Company and senior management announced Pintec received a letter from Nasdaq notifying the Company it was noncompliant with Nasdaq’s listing rules.
In response, the price of Pintec shares fell to close at $7.53 on May 17, 2019, or over 36% below the Company’s initial public offering price.
“We’re focused on investors’ losses and whether senior management’s statements about Pintec’s internal controls over financial reporting may have been misleading,” said Hagens Berman partner Reed Kathrein.
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