Pomerantz Law Firm Files Class Action Lawsuit Against Qfin Holdings, Inc.
Pomerantz LLP has filed a class action lawsuit against Qfin Holdings, Inc. (NASDAQ: QFIN) and certain officers in the U.S. District Court for the Eastern District of New York. The suit alleges that the company made materially false and misleading statements regarding its business resiliency and financial stability during a period of significant regulatory shifts in China's consumer finance industry. The lawsuit covers investors who acquired Qfin securities between March 18, 2026, and August 25, 2026. It claims that while the company touted its ability to thrive amidst new PRC regulatory guidance, it actually failed to disclose the true severity of the negative impacts these regulations had on loan growth, liquidity, and risk management. The legal action seeks damages for violations of federal securities laws, specifically Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Investors have until November 27, 2026, to apply to be lead plaintiffs in the case.
Tickers: $QFIN
Topics: Class Action Federal Securities Laws Securities Litigation