P2P Firm Troubled by Lawsuits Due to the New Rule
Yirendai, the first Chinese peer-to-peer lender that went public in US, was getting into several class action lawsuits on share price decline in US stock market, as foreign investors concerned about the regulation taken out by the Chinese government would hit the firm. New York and New Jersey-based law firm Bronsteinï¼Gewirtz & Grossman filed lawsuit on Yirendai of “materially false misleading …
