Lawsuit alleges Qfin Holdings, Inc. made misleading statements to investors from March 18, 2026 to August 25, 2026; lead plaintiff motions are due November 30, 2026
LOS ANGELES, Oct. 19, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Qfin Holdings, Inc. ("Qfin" or the "Company") (NASDAQ: QFIN) on behalf of investors who acquired the Company's securities from March 18, 2026 to August 25, 2026. Filed on September 28, 2026, the case is Kassam v. Qfin Holdings, Inc. et al., U.S. District Court for the Eastern District of New York, Case No. 26-cv-06024.
If you lost money on Qfin Holdings, Inc. securities, submit your Qfin Holdings, Inc. loss information by November 30, 2026 to learn about participating in the lawsuit.
Qfin Holdings, Inc. class action timeline
- Class period begins: March 18, 2026
- Class period ends: August 25, 2026
- Complaint filed: September 28, 2026
- Lead plaintiff motion deadline: November 30, 2026
What happened?
On August 25, 2026, Qfin announced its second quarter 2026 results, revealing that total net revenue fell 31.6% year over year, and net income dropped 76.8% year over year. The Company also announced a projected 67% to 73% year over year decrease in third quarter non-GAAP net income due to rising funding costs and systemic liquidity shocks in the Chinese consumer credit market. The Company stated, in part that results were due to "continued industry contraction, tighter regulatory oversight, and a sudden industry-wide liquidity shock in late June."
On this news, Qfin Holdings stock price fell $2.18 or 18.91% to close at $9.35 on August 26, 2026, thereby injuring investors.
What is the Qfin Holdings, Inc. lawsuit about?
The Qfin Holdings, Inc. securities lawsuit alleges that, between March 18, 2026 and August 25, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Qfin Holdings, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) Defendants have overstated the resiliency and stability of Qfin's business and financial results despite regulatory changes; (2) Defendants likewise downplayed the true scope and severity of the negative impact that regulatory headwinds were likely to have, and were already having, on the Company's business and financial results; and (3) as a result, defendants' positive statements about Qfin Holdings, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"According to the complaint filed against Qfin Holdings, Inc., the Company, among other things, did not disclose that Defendants have overstated the resiliency and stability of Qfin's business and financial results despite regulatory changes. The November 30, 2026 deadline is a key date for Qfin Holdings, Inc. investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Qfin Holdings, Inc. investors do now?
The Law Offices of Frank R. Cruz can help Qfin Holdings, Inc. investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the Qfin Holdings, Inc. class action must file a motion with the Court by November 30, 2026. For more information, visit the Qfin Holdings, Inc. case page, email info@frankcruzlaw.com, or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. Qfin Holdings, Inc. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Qfin Holdings, Inc. case.
Questions and answers about the Qfin Holdings, Inc. lawsuit
Who is eligible? Investors who bought Qfin Holdings, Inc. securities between March 18, 2026 and August 25, 2026 and lost money may be class members, and may seek lead plaintiff appointment by November 30, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Qfin Holdings, Inc. class action.
Must I be lead plaintiff to share in a recovery? No, Qfin Holdings, Inc. investors can take no action and remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
- Qfin Holdings, Inc. case page, The Law Offices of Frank R. Cruz
- Complaint: Kassam v. Qfin Holdings, Inc. et al., U.S. District Court for the Eastern District of New York
- press release
- Qfin Holdings, Inc. SEC filings index, EDGAR
- The Law Offices of Frank R. Cruz
Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
