Recent Security Class Actions

Yatsen Holding Limited American Depositary Shares each representing four Class A ordinary shares (NYSE: YSG)

Company Name:Yatsen Holding Limited American Depositary Shares each representing four Class A ordinary shares
Stock Symbol:NYSE: YSG
Class Period Start:11/19/2020
Class Period End (inclusive):03/10/2022

Yatsen and certain of its executives are charged with failing to disclose material information during the Class Period and/or in the Registration Statement and Prospectus issued in conjunction with the initial public offering, violating federal securities laws.  On March 10, 2022, the Company released its fourth quarter and full year financial results for the period ended December 31, 2021, disclosing declines in both total net revenues for the fourth quarter of 22.1% and in gross sales for the fourth quarter of 17.2% due to “soft consumer demand and intense competition in the color cosmetics segment,” including issues with its Perfect Diary brand as well as its Little Ondine brand.
On this news, the price of Yatsen’s ADS plummeted, falling 39.5% to close at just over $0.75 per share on March 10, 2022.