June 09, 2021
A team of mostly Glancy Prongay & Murray LLP attorneys will receive nearly $3 million for their work representing investors in a Chinese online microlender who alleged the company failed to mention a major auto loan project when it held its IPO, a federal judge in Manhattan decided.
November 16, 2020
Investors in Chinese online microlender Qudian on Friday asked a Manhattan federal judge to sign off on an $8.5 million settlement deal which, if approved, would end claims that the company left out mention of an expansive auto loan project from documents related to its 2017 initial public offering.
September 25, 2020
A proposed class of investors in online microlender Qudian Inc. urged a New York federal judge Thursday to reject bids to dismiss a securities suit alleging the Chinese company hid its unfair debt collection practices, business plan and data vulnerabilities, causing its stock to tank after its initial public offering.