Rosen Law Firm & Nubank

Rosen Law Firm: Rosen Law Firm initiated and is leading the class action lawsuit against Nubank Corp., representing investors and seeking compensation for alleged damages.

Nubank: Nubank is the defendant in a class action lawsuit alleging securities fraud due to misleading statements about its business, operations, and prospects, particularly regarding the acquisition of Fabric Genomics and its average reimbursement rates. This has led to a significant drop in its stock price and negative investor sentiment.

Rosen Law Firm: Rosen Law Firm initiated a securities class action investigation against Nubank>>> on behalf of its shareholders, aiming to recover investor losses due to allegedly misleading business information.

Nubank: Nubank>>> is the target of a securities class action lawsuit for allegedly issuing materially misleading business information and understating risks, which led to a significant drop in its stock price.

Rosen Law Firm: Rosen Law Firm announced an investigation into potential securities claims against Nubank and is preparing a class action lawsuit on behalf of investors who suffered losses due to the regulatory crackdown in China.

Nubank: Nubank received a Notice of Investigation and an Administrative Penalty Pre-Notification Letter from the China — China Securities Regulatory Commission for operating without requisite licenses in mainland China, leading to a significant drop in its American Depositary Shares and a proposed penalty of approximately USD271 million. The company is also facing a class action lawsuit from Rosen Law Firm.

Rosen Law Firm: Rosen Law Firm is a global investor rights law firm that announced an investigation into potential securities claims against Raytech Holding Limited, alleging misleading business information.

Nubank: Nubank was previously penalized by China in a similar crackdown, which is not directly related to the current event but provides context for China's regulatory actions.