PR Newswire · Press release
What Does Qfin Holdings, Inc.'s 18.91% Stock Drop Mean for Investors? The Law Offices of Howard G. Smith Outlines Securities Fraud Class Action Lead Plaintiff Deadline
Original release from PR Newswire
As distributed by PR Newswire, unedited.
Suit alleges Qfin Holdings, Inc. failed to disclose key facts to investors from March 18, 2026 through August 25, 2026; lead plaintiff deadline is November 30, 2026
BENSALEM TOWNSHIP, Pa., Nov. 3, 2026 /PRNewswire/ -- The Law Offices of Howard G. Smith today reported that a securities class action lawsuit is pending against Qfin Holdings, Inc. ("Qfin" or the "Company") (NASDAQ: QFIN) on behalf of investors who acquired its securities from March 18, 2026 through 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 with losses on Qfin Holdings, Inc. securities can contact the Law Offices of Howard G. Smith about the Qfin Holdings, Inc. lawsuit before the November 30, 2026 lead plaintiff deadline.
Key deadlines and dates for Qfin Holdings, Inc. investors
- Lead plaintiff deadline: November 30, 2026
- Class period: March 18, 2026 through August 25, 2026
- Complaint filed: September 28, 2026
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 lawsuit against Qfin Holdings, Inc. alleges that, among other things, the Company failed to tell investors that Defendants have overstated the resiliency and stability of Qfin's business and financial results despite regulatory changes. Qfin Holdings, Inc. investors who bought during the class period may be able to pursue their losses, and the November 30, 2026 deadline is where that process begins," said Howard G. Smith of The Law Offices of Howard G. Smith.
Next steps for Qfin Holdings, Inc. investors
Qfin Holdings, Inc. investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims.
Lead plaintiff motions in the Qfin Holdings, Inc. class action are due to the Court by November 30, 2026. For more information, visit the firm's website, email howardsmith@howardsmithlaw.com, or call (215) 638-4847.
If you purchased Qfin Holdings, Inc. securities during the class period, you may retain counsel of your choice, or you may take no action and remain an absent class member. No class has been certified in the Qfin Holdings, Inc. case so far.
Common questions from Qfin Holdings, Inc. investors
Who is eligible? Investors who acquired Qfin Holdings, Inc. securities from March 18, 2026 through August 25, 2026 and suffered losses may qualify for the class in the Qfin Holdings, Inc. shareholder lawsuit.
What is the deadline? Lead plaintiff motions in the Qfin Holdings, Inc. case are due by November 30, 2026.
Can I recover without being lead plaintiff? Yes, Qfin Holdings, Inc. investors may take no action and remain absent class members.
Does it cost anything? The Law Offices of Howard G. Smith works on contingency, meaning Qfin Holdings, Inc. investors owe no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid solely from a recovery, if achieved, and require court approval.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Related links
- Qfin Holdings, Inc. case page, The Law Offices of Howard G. Smith
- Complaint: Kassam v. Qfin Holdings, Inc. et al., U.S. District Court for the Eastern District of New York
- press release
- Qfin Holdings, Inc. SEC filings index, EDGAR
- The Law Offices of Howard G. Smith
Contact
The Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Email: howardsmith@howardsmithlaw.com
Telephone: (215) 638-4847
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content:SOURCE Law Offices of Howard G. Smith
