What's Next for Qfin Holdings, Inc. Shareholders After 18.91% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline
What's Next for Qfin Holdings, Inc. Shareholders After 18.91% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline |
| [21-October-2026] |
Complaint alleges Qfin Holdings, Inc. misled investors between March 18, 2026 and August 25, 2026; investors may seek lead plaintiff role by November 30, 2026 LOS ANGELES, Oct. 21, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought Qfin Holdings, Inc. ("Qfin" or the "Company") (NASDAQ: QFIN) securities between March 18, 2026 and August 25, 2026. The Qfin Holdings, Inc. case, Kassam v. Qfin Holdings, Inc. et al., was filed on September 28, 2026 in the U.S. District Court for the Eastern District of New York (Case No. 26-cv-06024).
Investors who suffered losses on Qfin Holdings, Inc. investments can submit their Qfin Holdings, Inc. loss information here before the November 30, 2026 lead plaintiff deadline. Key dates in the Qfin Holdings, Inc. case
What happened? On August 25, 2026, Qfin announced its second quarter 2026 results, revealing that total net revenue fell 31.6% year over year, and net income dropped 76.8% year over year. The Company also announced a projected 67% to 73% year over year decrease in third quarter non-GAAP net income due to rising funding costs and systemic liquidity shocks in the Chinese consumer credit market. The Company stated, in part that results were due to "continued industry contraction, tighter regulatory oversight, and a sudden industry-wide liquidity shock in late June." On this news, Qfin Holdings stock price fell $2.18 or 18.91% to close at $9.35 on August 26, 2026, thereby injuring investors. What is the Qfin Holdings, Inc. lawsuit about? The Qfin Holdings, Inc. securities lawsuit alleges that, between March 18, 2026 and August 25, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Qfin Holdings, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) Defendants have overstated the resiliency and stability of Qfin's business and financial results despite regulatory changes; (2) Defendants likewise downplayed the true scope and severity of the negative impact that regulatory headwinds were likely to have, and were already having, on the Company's business and financial results; and (3) as a result, defendants' positive statements about Qfin Holdings, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. "The complaint filed against Qfin Holdings, Inc. alleges that, among other things, the Company failed to disclose that Defendants have overstated the resiliency and stability of Qfin's business and financial results despite regulatory changes. For investors who bought during the class period, the November 30, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP. What's the next step? Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Qfin Holdings, Inc. investors in potentially pursuing claims to recover their losses. If you wish to serve as lead plaintiff in the Qfin Holdings, Inc. class action, you must move the Court no later than November 30, 2026. To learn more about your rights, visit the Qfin Holdings, Inc. case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224). You may retain counsel of your choice. If you bought Qfin Holdings, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Qfin Holdings, Inc. case. Frequently Asked Questions Who is eligible? Investors who purchased or otherwise acquired Qfin Holdings, Inc. securities between March 18, 2026 and August 25, 2026 and suffered losses may be members of the proposed class in the Qfin Holdings, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 30, 2026. What is a lead plaintiff? In the Qfin Holdings, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff. Do I have to be lead plaintiff to recover? No. A Qfin Holdings, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. Qfin Holdings, Inc. investors may take no action and remain absent class members. What is the deadline? Motions to serve as lead plaintiff in the Qfin Holdings, Inc. class action must be filed by November 30, 2026. Does it cost anything to contact Glancy or participate in this action? Glancy represents Qfin Holdings, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery. Can I choose my own lawyer? Yes. Qfin Holdings, Inc. investors may retain counsel of their choice. Why work with Glancy on the Qfin Holdings, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Qfin Holdings, Inc. lawsuit. Prior results do not guarantee a similar outcome. About Glancy Prongay Wolke & Rotter LLP Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025. Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome. Related links
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SOURCE Glancy Prongay Wolke & Rotter LLP | ||
Company Codes: NASDAQ:QFIN |
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