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This investigation is for anyone who acquired securities in Hywin Holdings Ltd. (NASDAQ: HYW) prior to December 14, 2023.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that they could redeem their asset backed securities when they needed but then refusing many customers who sought to redemption.
On December 14, 2023, Hywin disclosed that redemption issues had been reported on certain asset-backed products previously distributed by the Company with clients demanding repayment from the Company. Hywin stated that it would be conducting an internal investigation. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Hywin Holdings Ltd. (NASDAQ: HYW) prior to December 14, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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