January 27, 2022
A legal team comprising attorneys from the Rosen Law Firm PA, Robbins Geller Rudman & Dowd LLP and Scott+Scott Attorneys at Law LLP will receive a $3 million fee for representing inventors in the digital consumer finance company previously known as PPDAI Group Inc., a federal magistrate judge in New York determined.
June 14, 2021
Chinese peer-to-peer lender PPDAI Group Inc. and its investors have reached a $9 million agreement to settle state and federal shareholder litigation accusing the company of hiding predatory lending practices from prospective investors.
November 27, 2018
A shareholder for Chinese peer-to-peer lender PPDAI Group Inc. launched a proposed class action in New York federal court Monday, alleging the company concealed predatory lending practices from prospective investors, ultimately resulting in significant losses in value for the company's stock.