Shareholders Sue Qfin Holdings for Securities Law Violations
A class action lawsuit has been filed against Qfin Holdings, Inc. (NASDAQ: QFIN) and its executives for alleged violations of securities laws. Investors who purchased Qfin ADRs between March 18 and August 25, 2026, and suffered losses may be eligible.
A class action lawsuit has been filed against Qfin Holdings, Inc. (NASDAQ: QFIN) and its executives, alleging violations of federal securities laws. The complaint asserts that the company and its leadership made false or misleading statements and failed to disclose material information to investors.
The lawsuit is open to investors who purchased Qfin's American Depositary Receipts (ADRs) during the period from March 18, 2026, to August 25, 2026. The deadline for investors to act as lead plaintiff is November 30, 2026.
According to the complaint, defendants allegedly overstated the resilience and stability of Qfin's business and financial results despite regulatory changes. The suit also claims that the company downplayed the true scope and severity of negative impacts from regulatory headwinds on its operations and finances.
On August 25, 2026, Qfin reported its second quarter 2026 financial results, showing a 31.6% year-over-year decrease in total net revenue and a 76.8% drop in net income, impacted by a RMB 500 million tax expense. The company also issued a cautious outlook for the third quarter. Following this news, Qfin's ADRs fell 18.91%.