ZTO Express (Cayman) Inc. Securities Fraud Class Action

Case Background:
On August 14, 2017, the initial complaint in this securities class action was filed against ZTO Express (Cayman) 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.  This is a federal securities class action lawsuit brought on behalf of all persons who purchased or otherwise acquired the securities of ZTO pursuant and/or traceable to the Company’s IPO on or about October 27, 2016 (the “Class Period”).

The complaint alleges that Defendants’ IPO Registration Statement and Prospectus 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 Plaintiffs’ Complaint. On March 31, 2021, the Court denied Plaintiffs’ Motion for Leave to Amend and closed the case. This action has concluded.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. 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.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.