INVESTOR NOTICE 195 0 Kommentare Yatsen Holding Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - YSG - Seite 2

Then, on or about November 18, 2021, defendants acknowledged witnessing a “soft industry environment for color cosmetics.” On this news, the price of Yatsen ADSs fell an additional 17.9%.

Finally, on March 10, 2022, Yatsen released its fourth quarter and full year financial results for the period ended December 31, 2021, revealing that its disappointing financial results were not solely due to issues with Little Ondine but, rather, Perfect Diary as well. In commenting on the “challenging quarter,” Huang blamed “soft consumer demand and intense competition in the color cosmetics segment” for why total net revenues for the fourth quarter decreased 22.1% and gross sales for the fourth quarter decreased 17.2%. Huang later conceded that Yatsen’s disappointing results were the result of a deceleration in sales of its leading brands. On this news, the price of Yatsen ADSs fell another 39.5%, further damaging investors.

By the commencement of the Yatsen class action lawsuit, the price of Yatsen ADSs had fallen by more than 96% from the $10.50 IPO price.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Yatsen ADSs during the Class Period and who were damaged thereby and/or purchased Yatsen ADSs pursuant or traceable to the Offering Documents issued in connection with the IPO to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Yatsen class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Yatsen class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Yatsen class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

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