The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ZTO Express (Cayman) Inc. (“ZTO Express” or “the Company”) (NYSE: ZTO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ZTO Express is the subject of a report issued by Grizzly Research on March 2, 2023. The report, titled, “ZTO Express Inc. (NYSE: ZTO): China’s 'Best-in-Class' Logistics Company is Really 'Best in Show,'” makes multiple allegations against the Company, including the falsification of financial metrics in its SEC filings. The report also alleges that the Company underreports its employee population to reduce costs and uses “sham network partner acquisitions to enrich insiders.”
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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The Schall Law Firm
Brian Schall, Esq.