San Diego, CA -- (SBWIRE) -- 01/25/2021 -- Certain directors of Pintec Technology Holdings Limited are under investigation over potential breaches of fiduciary duties.

Investors who are investors in Pintec Technology Holdings Limited (NASDAQ: PT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: PT stocks follows a lawsuit filed against Pintec Technology Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PT stocks, concerns whether certain Pintec Technology Holdings Limited directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants failed to disclose to investors that the Company erroneously recorded revenue earned from certain technical service fee on a net basis, rather than a gross basis, that there were material weaknesses in Pintec's internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs, that, as a result of the foregoing, the Company's financial results for fiscal 2017 and 2018 had been misstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.