Recent Securities Litigations
Yalla Group Limited American Depositary Shares each representing one Class A Ordinary Share (NYSE: YALA)
15 Days left to seek lead plaintiff status.
The Complaint alleges that throughout the Class Period, Yalla and its CEO made materially false and misleading statements regarding the Company’s business and financial metrics. Specifically, the Complaint alleges Defendants made false and/or misleading statements regarding, and/or failed to disclose that the Company overstated its user metrics and revenue and, as a result, the Company’s public statements were materially false and misleading at all relevant times.