Levi & Korsinsky notifies investors that it has commenced an investigation into Hywin Holdings Ltd. (NASDAQ: HYW) concerning potential violations of the federal securities laws.
On December 14, 2023, Hywin disclosed that redemption issues had been reported on certain asset-backed products previously distributed by the Company with clients demanding repayment from the Company. Hywin stated that it would be conducting an internal investigation. On this news, Hywin’s stock price fell 16%, to close at $2.77 per share on December 14, 2023, thereby injuring investors.
If you suffered a loss on your Hywin Holdings securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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