An investigation on behalf of investors in Yalla Group Limited (NYSE:YALA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 11/05/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Yalla Group Limited.
Investors who are investors in Yalla Group Limited (NYSE: YALA) 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 NYSE: YALA stocks follows a lawsuit filed against Yalla Group Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: YALA stocks, concerns whether certain Yalla Group directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Yalla Group Limited and its Chief Executive Officer made materially false and misleading statements regarding the Company's business and financial metrics. Specifically, 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.
Those who purchased shares of Yalla Group Limited (NYSE: YALA) 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 Shareholders Foundation, Inc.
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.