San Diego, CA -- (SBWire) -- 10/13/2023 --An investigation on behalf of investors in shares of DouYu International Holdings Limited (NASDAQ: DOYU) concerning potential breaches of fiduciary duties by certain directors of DouYu International Holdings Limited was announced.
Investors who are investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: DOYU stocks follows a lawsuit filed against DouYu International Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DOYU stocks, concerns whether certain DouYu International Holdings Limited directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that The Chinese government, due to concerns about issues such as video game and computer addiction, as well as content challenging its authority, could become increasingly aggressive towards DouYu regardless of how effective or sincere its attempts to comply with Chinese law were, that this increasingly aggressive posture subjected DouYu to a heightened risk of an investigation and subsequent government enforcement action and ultimately resulted in enforcement action, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
DouYu International Holdings Limited (NASDAQ: DOYU) Long Term Investor Alert: Investigation of Potential Wrongdoing
An investigation on behalf of investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: DOYU stockholders should contact the Shareholders Foundation.