Investor Class Action Filed Against ZTO Express (Cayman) Inc. for Securities Fraud Violations
Company Name: ZTO Express Inc.
Court: United States District Court for The Southern District of New York
Case Number: 17-cv-06130
Judge: The Hon. Laura Taylor Swain
Class period: Pursuant and/or traceable to the company’s initial public offering on or about October 27, 2016
Security Type: All publicly traded securities

Case Background:

On August 14, 2017, the initial complaint in this securities class action was filed against ZTO Express Inc. (“ZTO” or the “Company”), and certain of ZTO’s directors, officers and underwriters, asserting violations of sections 11 and 15 of the Securities Act.  

The Complaint alleges that ZTO’s Registration Statement and Prospectus filed in connection with its Initial Public Offering (“IPO”) touted purported advantages of ZTO’s “network partner” and “shared success” business model but omitted disclosing that, two quarters before the IPO, ZTO lowered its network transit fees to subsidize its network partners in response to increased operating costs, pricing pressure, competition and other negative market conditions.

Current Status of Case:

On July 17, 2019, the Court granted Defendant’s Motion to Dismiss but gave the Lead Plaintiff permission to file a motion for leave to file an amended complaint.  On September 10, 2019, Lead Plaintiff filed its motion for leave to file an amended complaint.  That motion is fully briefed and has pending before the Court since November 18, 2019. The action is ongoing. 

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.

Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at

Please complete this form and list your purchase and sale transaction(s) for ZTO Express (Cayman) Inc. (NYSE: ZTO) publicly traded securities pursuant and/or traceable to the company’s initial public offering on or about October 27, 2016 (the “IPO”):

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at, or you may click here to print a PDF of this form.

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# 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 ZTO Express (Cayman) Inc. (2017) prior to the Class Period?
Are you a current or former employee of ZTO Express (Cayman) Inc. (2017)?
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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