Leapmotor Targets 4 Million Annual EV Sales as Global Expansion Accelerates 
Winter Storm Disrupts Northeast Travel as Snow and Ice Blanket New York, New Jersey 
China’s Iron Ore Buyer Pressures Mining Giants as New Supply Shifts Market Power 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
California DMV Proposes New Safety Rules for Autonomous Vehicles After Waymo Incidents 
BP’s Castrol Stake Sale Raises Debt Relief Hopes but Sparks Cash Flow Concerns 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy 
Vietnam’s EV Taxi Giant GSM Eyes Hong Kong IPO With $2–3 Billion Valuation 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Brazilian Oil Workers’ Strike Continues as Key Petrobras Union Rejects Proposal 
China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
, Inc. - (ZTO) - EconoTimes)
NEW ORLEANS, Sept. 29, 2017 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 16, 2017 to file lead plaintiff applications in a securities class action lawsuit against ZTO Express (Cayman), Inc. (NYSE:ZTO), if they purchased the Company’s American Depositary Shares (“ADSs”) pursuant to its October 27, 2016 initial public offering (“IPO”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased ADSs of ZTO and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit http://ksfcounsel.com/cases/nyse-zto/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 16, 2017.
About the Lawsuit
ZTO and certain of its executives are charged with failing to disclose material information in its Registration Statement filed in connection with its IPO, violating federal securities laws.
On October 27, 2016, ZTO conducted its IPO having previously filed its Registration Statement with the SEC. However, ZTO failed to disclose adverse material facts in its Statement involving the Company’s use of its “network partner” businesses for low-margin shipping services, which businesses were not maintained on its books, and which caused ZTO’s profit margins to be inflated.
Since the IPO, the price of ZTO’s shares has fallen significantly.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
