Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against KE Holdings, Inc. (BEKE)
The Complaint alleges that the Company materially overstated its store count, agent counsel, new home sales gross transaction value (“GTV”), and revenues. The Complaint alleges that Defendants made materially false and misleading statements and omissions and engaged in a scheme to deceive the market. The truth began to come to light when Muddy Waters Capital LLC, a research-based equity investor, revealed that KE Holdings (BEKE) was overstating the agents and stores on its platforms, its GTV, and its revenues, among other wrongdoing. These misstatements artificially inflated the price of KE Holdings’ ADSs and operated as a fraud or deceit on the Class. When the truth was revealed, the Company’s ADS price fell substantially and has continued falling since.
Investors who purchased or otherwise acquired shares of KE Holdings (BEKE) should contact the Firm prior to the
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