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Qudian Inc. Securities Fraud Class Action

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COMPANY         Qudian, Inc.
COURT United States District Court for The Southern District of New York
CASE NUMBER 17cv9741
JUDGE The Honorable Jesse M. Furman
CLASS PERIOD Pursuant to Company's IPO on October 17, 2017
SECURITY TYPE  Common Stock 

Case Background:

On December 12, 2017, the initial complaint in this securities class action was filed against Qudian, Inc. (“Qudian” or the “Company”), and certain of Qudian’s directors and officers, asserting violations of Sections 11 and 15 of the Securities Act.  This is a federal securities class action on behalf of all persons who purchased Qudian American Depositary Shares in or traceable to the Company’s October 18, 2017 initial public offering (the “IPO”). 

Plaintiff alleges Defendants violated federal securities laws by making false and/or misleading statements in the IPO’s Registration Statement by failing to disclose that: (1) Qudian’s loan collection practices were materially deficient and/or nonexistent as the Company treated bad loans as welfare, and (2) Qudian’s data systems and procedures were materially inadequate to safeguard sensitive borrower data against breach, and that breaches had occurred.

Current Status of Case:

On June 8, 2021, the Court approved the settlement of this action.  This action has concluded. 

The deadline to file a claim is April 14, 2021.  If you have any questions or need further information about this settlement, you may go to the following website,, or you can contact the claims administrator, A.B. Data, Ltd. at 1-877-884-2550.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form and list your purchase and sale transaction(s) Qudian Inc. (NYSE: QD) securities issued pursuant and/or traceable to IPO on or about October 17, 2017.

You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at, or you may click here to print a PDF of this form.

* Denotes required field
# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Qudian Inc. (2018) prior to the Class Period?
Are you a current or former employee of Qudian Inc. (2018)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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