ZTO Express (Cayman) Inc. : American Depository Shares Securities Litigation
On or around 04/18/2018 (Remanded)
Filing Date: June 28, 2017
According to the Complaint, ZTO is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. ZTO is headquartered in Shanghai, People’s Republic of China and its ADSs are traded on the New York Stock Exchange under the ticker symbol “ZTO.”
On or around October 27, 2016, ZTO conducted the Offering, selling 72,100,000 ADSs at a price to the public of $19.50 per share.
The Complaint alleges in violation of the Securities Act, Defendants negligently issued untrue statements of material facts and omitted to state material facts required to be stated in the Registration Statement and incorporated Offering Materials that the Company filed with the SEC in support of the Offering.
On April 18, 2018, the Court issued an Order remanding the case to the Circuit Court of Jefferson County, Alabama.
Company & Securities Information
Defendant: ZTO Express (Cayman) Inc.
Industry: Misc. Transportation
Ticker Symbol: ZTO
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Birmingham Retirement & Relief System, City of, et al. v. ZTO Express (Cayman) Inc., et al.