Pomerantz Law Firm Investigates Yiren Digital Ltd. Following Financial Decline and CEO Criminal Investigation
Pomerantz LLP has launched an investigation into Yiren Digital Ltd. (YRD) regarding potential securities fraud or unlawful business practices. The probe follows a series of significant negative developments, beginning with the company's March 2026 financial report which showed a 34% year-over-year revenue decline and a substantial net loss compared to the previous year. The situation escalated in October 2026 when Yiren disclosed that its Executive Chairman and CEO, Ning Tang, was subject to criminal compulsory measures related to an investigation involving affiliates of the company's controlling shareholder. These events have caused extreme volatility in YRD's ADR price, which saw massive single-day drops following both the earnings report and the news regarding Mr. Tang.
Topics: class action lawsuit earnings miss executive legal issues securities fraud investigation