DouYu International Holdings Limited Class Action Lawsuit - DOYU

The filed complaint alleges that DouYu International Holdings Limited made materially false and/or misleading statements and/or failed to disclose that: (1) the Chinese government, due to concerns about issues such as video game and computer addiction, as well as content challenging its authority, could become increasingly aggressive towards DouYu regardless of how effective or sincere its attempts to comply with Chinese law were; (2) this increasingly aggressive posture subjected DouYu to a heightened risk of an investigation and subsequent government enforcement action and ultimately resulted in enforcement action; and (3); as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

In order to be eligible to join the DOYU class action lawsuit, you must have incurred a loss on shares of DouYu purchased during the class period listed above.

If you suffered a loss in DouYu during the relevant time frame or pursuant to the relevant offering(s), you have until August 8, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.