Jayud Global Logistics Limited (JYD) Securities Class Action Lawsuit Filed [December 1, 2025]

Introduction to Jayud Global Logistics Limited (JYD) Securities Class Action Lawsuit

A securities fraud class action has been filed against Jayud Global Logistics Limited (NASDAQ: JYD) in the U.S. District Court for the Southern District of New York. The case covers investors who acquired Jayud securities between April 21, 2023 and April 30, 2025. Investors allege the Company and its leaders misled the market about Jayud's business, operations, and critically, the true nature of trading in its stock, while failing to disclose a social media-driven stock promotion campaign and coordinated selling by insiders or affiliates. The truth surfaced as Jayud's share price abruptly collapsed about 95% during after-hours trading on April 1, 2025, followed by Company statements on April 3 and April 22, 2025 acknowledging extreme volatility and risks tied to misinformation unrelated to fundamentals. Investors allege they bought at artificially inflated prices and were damaged when the price fell.

Jayud Global Logistics Limited (JYD) Securities Lawsuit Case Details

Case Name: Lindstrom v. Jayud Global Logistics Limited, et al.
Case No.: 1:25-cv-09662
Jurisdiction: U.S. District Court, Southern District of New York
Filed on: November 19, 2025

Jayud Global Logistics Limited (JYD) Company Profile

Jayud Global Logistics claims to provide worldwide cross-border supply chain solutions, including freight forwarding services such as integrated cross-border logistics, fragmented logistics, and chartered airline freight services. It also offers supply chain management (international trading and agent services) and other value-added services like customs brokerage and intelligent logistics IT systems.

Jayud Global Logistics Limited (JYD) Securities Lawsuit Class Period

April 21, 2023–April 30, 2025, inclusive.

All persons and entities that purchased or otherwise acquired Jayud securities during the Class Period, and who were damaged thereby. Excluded from the Class are Defendants, the officers and directors of the Company, at all relevant times, members of their immediate families and their legal representatives, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest. Eligible investors may be eligible to join the Jayud Global Logistics Limited (JYD) class action lawsuit.

Allegations in the Jayud Global Logistics Limited (JYD) Securities Class Action Lawsuit

The complaint names Jayud Global Logistics Limited, Chief Executive Officer Xiaogang Geng, Co-Chief Executive Officer Alan Tan Khim Guan, former and current Chief Financial Officers Lin Bao and Mengmeng Hu, and auditors Friedman, LLP and Marcum Asia CPAs, LLP. Investors allege these defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Jayud's business, operations, and the true nature of trading in its securities. 

The story begins at the IPO. On April 21, 2023, Jayud's prospectus told investors it was a leading Shenzhen-based end-to-end cross-border supply chain solution provider, citing a 2021 Frost & Sullivan ranking. Through 2023, management emphasized engagement and transparency. On July 12, 2023, CEO Xiaogang Geng announced a partnership with Strategic Investor Relations, stating that transparent communication would "showcase the tremendous potential of our business." The messaging continued into 2024. On May 3, 2024, the Company issued a press release that reiterated its positioning and logistics capabilities in a Form 6-K filing. According to investors, while these statements promoted Jayud's strengths, they omitted what was allegedly driving the stock. 

The complaint alleges Jayud was the subject of a fraudulent stock promotion scheme fueled by social media-based misinformation and impersonated financial professionals. It further alleges that insiders and/or affiliates used offshore or nominee accounts to facilitate coordinated dumping of shares during a price-inflation campaign. Throughout this period, public statements and risk disclosures allegedly failed to mention the false rumors and artificial trading activity, rendering defendants' positive statements about the Company's business, operations, and prospects misleading and lacking a reasonable basis.

The Truth Emerges

On April 1, 2025, Jayud's stock reached a intraday high of $8.00 and closed at $7.97per share. On or around April 2, 2025, Jayud's stock price abruptly crashed by approximately 95% during after-hours trading, and public reports later described the stock as a primary vehicle for an illicit "pump-and-dump" scheme amplified by impersonators touting Jayud in online forums and social media. 

As the market reeled, the Company issued an April 3, 2025 press release cautioning investors "to rely solely on statements and filings with the U.S. Securities and Exchange Commission issued by the Company itself or its authorized representatives," adding it did "not intend to make further statements regarding this matter." Further detail arrived on April 22, 2025, when Jayud's Form 20-F acknowledged "extreme price and volume volatility," stating there had been "no material changes to our financial condition, results of operations, or business fundamentals that would explain such extreme fluctuations," and that the volatility was "not attributable to our operating performance or industry conditions." In that filing, the Company also admitted that trading activity may be driven by speculation or misinformation disseminated through social media or messaging platforms, and that certain investors may have relied on expectations "not issued or endorsed by the Company." 

Market Reaction

In the weeks leading up to April 2025, Jayud's share price surged from roughly $1.00 per share to an intraday high of around $8.00 per share. On April 1, 2025, the stock closed at $7.97 before crashing approximately 95% during after-hours trading-a collapse from the prior close of $7.97 to well below $1.00 by the next session. On April 2, 2025, shares traded well below $1.00 per share, reflecting the sudden unwind of the promotion-fueled spike described in public reports.

Next Steps

• Submissions for lead plaintiff are due: January 20, 2026.

• The Court will issue its order for lead plaintiff and counsel in the weeks after submissions are due.

• The Court will then consider motion for class certification.

• The Court will later consider a Motion to Dismiss.

To learn if you are eligible for recovery under the JYD securities class action lawsuit, visit the case submission page here. 

Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. No specific outcomes are guaranteed.