{"success":true,"data":{"pressRelease":{"id":"167122","rtpr_id":"nPn9Vkg07a-20261013","ticker":"QFIN","exchange":"NASDAQ","all_tickers":["QFIN","3660"],"title":"QFIN Stock Alert: Qfin Holdings Regulatory Issues and Subsequent 18% Stock Drop Trigger Securities Fraud Class Action for Investors","author":"PR Newswire","published_at":"2026-10-13T10:06:00.639Z","article_body":"QFIN Stock Alert: Qfin Holdings Regulatory Issues and Subsequent 18% Stock Drop Trigger Securities Fraud Class Action for Investors\nPR Newswire\n\nNEW YORK, Oct. 13, 2026\n\nQfin has been sued for securities fraud after its stock plummeted 19% because\nQfin allegedly misrepresented the true scope and severity of the negative\nimpact that regulatory headwinds were having on its business and financial\nresults.\n\nNEW YORK, Oct. 13, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar\nFonti & Auld LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=3732637802&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=Bleichmar+Fonti+%26+Auld+LLP)\n announces that a class action lawsuit has been filed against Qfin Holdings,\nInc. (NASDAQ: QFIN) and certain of the company's senior executives for\nsecurities fraud after a significant stock drop resulting from potential\nviolations of the federal securities laws.\n\nIf you invested in Qfin, you are encouraged to obtain additional information\nby visiting: https://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n.\n\nKey Details of the Qfin ($QFIN) Class Action:\n\n * Lead Plaintiff Deadline: November 27, 2026\n * Alleged Misconduct: Securities fraud alleging Qfin misrepresented the true\nscope and severity of the negative impact that regulatory headwinds were\nhaving on its business and financial results\n * Stock Drop: August 26, 2026 – 18.9% Stock Drop\n * Court: U.S. District Court for the Eastern District of New York\n * Action: Contact\nBFA Law\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=449247013&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=BFA+Law)\n\n to discuss your rights\nInvestors have until November 27, 2026 to ask the Court to be appointed to\nlead the case. The complaint asserts securities fraud claims under Sections\n10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors\nin Qfin securities. The class action is pending in the U.S. District Court for\nthe Eastern District of New York. It is captioned Kassam v. Qfin Holdings,\nInc. et al., No. 26-cv-6024.\n\nWhy is Qfin Being Sued for Securities Fraud?\n\nQfin has been sued for securities fraud following a significant stock drop\nresulting from alleged violations of the federal securities laws. The declines\nin Qfin's stock price caused significant losses to investors.\n\nQfin, together with its subsidiaries, operates a purported AI driven credit\ntechnology platform under the Qifu Jietiao brand in the People's Republic of\nChina (\"PRC\"). Qfin provides credit-driven services that match borrowers with\nfinancial institutions.\n\nAccording to the complaint, Qfin stated that its business was able to adapt\nand thrive in response to recent and emerging PRC regulations. Defendants\nstated Qfin's business was \"resilient,\" \"steady,\" and \"stable\" in the face of\nthese regulations. Defendants also stated that Qfin had \"proactive\" strategies\nand policies designed to improve, and which were purportedly already\nimproving, Qfin's risk performance.\n\nAs alleged, Defendants overstated the resiliency and stability of Qfin's\nbusiness and financial results despite regulatory changes. Defendants also\ndownplayed the true scope and severity of the negative impact that regulatory\nheadwinds were already having on the company's business and financial results.\n\nWhy did Qfin's Stock Drop?\n\nOn August 25, 2026, Qfin issued its Q2 and interim 2026 unaudited financial\nresults. Qfin revealed that total net revenue fell 31.6% year-over-year, net\nincome plummeted 76.8% year-over-year, and issued disappointing financial\nguidance. Qfin revealed that its results were impacted by \"a challenging\nmarket environment\" including \"continued industry contraction, tighter\nregulatory oversight, and a sudden industry-wide liquidity shock in late\nJune[.]\"\n\nOn this news, Qfin's American Depositary Shares dropped $2.18 per ADS, or\n18.9%, from a closing price of $11.53 per ADS on August 25, 2026, to $9.35 per\nADS on August 26, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n.\n\nWhat Can You Do?\n\nIf you invested in Qfin, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named \"Elite Trial Lawyers\" by the National Law Journal, \"Litigation\nStars\" by Benchmark Litigation, among the top \"500 Leading Plaintiff\nFinancial Lawyers\" by Lawdragon, \"Titans of the Plaintiffs' Bar\" by Law360,\nand \"SuperLawyers\" by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff's securities litigation law firm, with clients\nnoting: \"[t]here is no better service provider in the practice area,\" \"[t]he\ninterest of the client is always front and center,\" and \"[t]here isn't a\nbetter firm in this space.\"  One testimonial described the firm as \"nimble\nand entrepreneurial,\" with a \"relentless focus on adding value for clients.\"\n\nBFA's notable successes include a recovery of over $900 million in value from\nTesla, Inc.'s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2469976475&u=https%3A%2F%2Fwww.bfalaw.com%2F&a=https%3A%2F%2Fwww.bfalaw.com)\n.\n\nhttps://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/qfin-stock-alert-qfin-holdings-regulatory-issues-and-subsequent-18-stock-drop-trigger-securities-fraud-class-action-for-investors-302906104.html\n(https://www.prnewswire.com/news-releases/qfin-stock-alert-qfin-holdings-regulatory-issues-and-subsequent-18-stock-drop-trigger-securities-fraud-class-action-for-investors-302906104.html)\n\nSOURCE Bleichmar Fonti & Auld LLP\n\n\n\nAdam McCall, adam@bfalaw.com, 212.789.3619\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1804470/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA3013581\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9Vkg07a-20261013","title":"QFIN Stock Alert: Qfin Holdings Regulatory Issues and Subsequent 18% Stock Drop Trigger Securities Fraud Class Action for Investors","author":"PR Newswire","ticker":"QFIN","created":"2026-10-13T10:06:00.639Z","tickers":["QFIN","3660"],"exchange":"NASDAQ","article_body":"QFIN Stock Alert: Qfin Holdings Regulatory Issues and Subsequent 18% Stock Drop Trigger Securities Fraud Class Action for Investors\nPR Newswire\n\nNEW YORK, Oct. 13, 2026\n\nQfin has been sued for securities fraud after its stock plummeted 19% because\nQfin allegedly misrepresented the true scope and severity of the negative\nimpact that regulatory headwinds were having on its business and financial\nresults.\n\nNEW YORK, Oct. 13, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar\nFonti & Auld LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=3732637802&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=Bleichmar+Fonti+%26+Auld+LLP)\n announces that a class action lawsuit has been filed against Qfin Holdings,\nInc. (NASDAQ: QFIN) and certain of the company's senior executives for\nsecurities fraud after a significant stock drop resulting from potential\nviolations of the federal securities laws.\n\nIf you invested in Qfin, you are encouraged to obtain additional information\nby visiting: https://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n.\n\nKey Details of the Qfin ($QFIN) Class Action:\n\n * Lead Plaintiff Deadline: November 27, 2026\n * Alleged Misconduct: Securities fraud alleging Qfin misrepresented the true\nscope and severity of the negative impact that regulatory headwinds were\nhaving on its business and financial results\n * Stock Drop: August 26, 2026 – 18.9% Stock Drop\n * Court: U.S. District Court for the Eastern District of New York\n * Action: Contact\nBFA Law\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=449247013&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=BFA+Law)\n\n to discuss your rights\nInvestors have until November 27, 2026 to ask the Court to be appointed to\nlead the case. The complaint asserts securities fraud claims under Sections\n10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors\nin Qfin securities. The class action is pending in the U.S. District Court for\nthe Eastern District of New York. It is captioned Kassam v. Qfin Holdings,\nInc. et al., No. 26-cv-6024.\n\nWhy is Qfin Being Sued for Securities Fraud?\n\nQfin has been sued for securities fraud following a significant stock drop\nresulting from alleged violations of the federal securities laws. The declines\nin Qfin's stock price caused significant losses to investors.\n\nQfin, together with its subsidiaries, operates a purported AI driven credit\ntechnology platform under the Qifu Jietiao brand in the People's Republic of\nChina (\"PRC\"). Qfin provides credit-driven services that match borrowers with\nfinancial institutions.\n\nAccording to the complaint, Qfin stated that its business was able to adapt\nand thrive in response to recent and emerging PRC regulations. Defendants\nstated Qfin's business was \"resilient,\" \"steady,\" and \"stable\" in the face of\nthese regulations. Defendants also stated that Qfin had \"proactive\" strategies\nand policies designed to improve, and which were purportedly already\nimproving, Qfin's risk performance.\n\nAs alleged, Defendants overstated the resiliency and stability of Qfin's\nbusiness and financial results despite regulatory changes. Defendants also\ndownplayed the true scope and severity of the negative impact that regulatory\nheadwinds were already having on the company's business and financial results.\n\nWhy did Qfin's Stock Drop?\n\nOn August 25, 2026, Qfin issued its Q2 and interim 2026 unaudited financial\nresults. Qfin revealed that total net revenue fell 31.6% year-over-year, net\nincome plummeted 76.8% year-over-year, and issued disappointing financial\nguidance. Qfin revealed that its results were impacted by \"a challenging\nmarket environment\" including \"continued industry contraction, tighter\nregulatory oversight, and a sudden industry-wide liquidity shock in late\nJune[.]\"\n\nOn this news, Qfin's American Depositary Shares dropped $2.18 per ADS, or\n18.9%, from a closing price of $11.53 per ADS on August 25, 2026, to $9.35 per\nADS on August 26, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n.\n\nWhat Can You Do?\n\nIf you invested in Qfin, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named \"Elite Trial Lawyers\" by the National Law Journal, \"Litigation\nStars\" by Benchmark Litigation, among the top \"500 Leading Plaintiff\nFinancial Lawyers\" by Lawdragon, \"Titans of the Plaintiffs' Bar\" by Law360,\nand \"SuperLawyers\" by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff's securities litigation law firm, with clients\nnoting: \"[t]here is no better service provider in the practice area,\" \"[t]he\ninterest of the client is always front and center,\" and \"[t]here isn't a\nbetter firm in this space.\"  One testimonial described the firm as \"nimble\nand entrepreneurial,\" with a \"relentless focus on adding value for clients.\"\n\nBFA's notable successes include a recovery of over $900 million in value from\nTesla, Inc.'s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2469976475&u=https%3A%2F%2Fwww.bfalaw.com%2F&a=https%3A%2F%2Fwww.bfalaw.com)\n.\n\nhttps://www.bfalaw.com/cases/qfin-class-action-lawsuit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4795773-1&h=2400807337&u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit&a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fqfin-class-action-lawsuit)\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/qfin-stock-alert-qfin-holdings-regulatory-issues-and-subsequent-18-stock-drop-trigger-securities-fraud-class-action-for-investors-302906104.html\n(https://www.prnewswire.com/news-releases/qfin-stock-alert-qfin-holdings-regulatory-issues-and-subsequent-18-stock-drop-trigger-securities-fraud-class-action-for-investors-302906104.html)\n\nSOURCE Bleichmar Fonti & Auld LLP\n\n\n\nAdam McCall, adam@bfalaw.com, 212.789.3619\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1804470/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA3013581\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-13T10:06:00.68783777Z","server_sent_at_ms":1791885960687},"received_at":"2026-10-13T10:06:00.798Z","source_url":"https://www.prnewswire.com/news-releases/qfin-stock-alert-qfin-holdings-regulatory-issues-and-subsequent-18-stock-drop-trigger-securities-fraud-class-action-for-investors-302906104.html"},"analysis":{"id":"155442","press_release_id":"167122","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":["pending securities fraud class action against QFIN and senior executives under Sections 10(b) and 20(a)","previously disclosed 18.9% stock drop and steep fundamental deterioration (revenue -31.6%, net income -76.8% YoY)","PRC regulatory and industry-wide liquidity headwinds cited as ongoing"],"eventType":"legal_litigation","narrative":"Bleichmar Fonti & Auld LLP announced a securities fraud class action filed against Qfin Holdings (NASDAQ: QFIN) and certain senior executives in the U.S. District Court for the Eastern District of New York, captioned Kassam v. Qfin Holdings, Inc. et al., No. 26-cv-6024.\n\nThe suit alleges Qfin misrepresented the severity of PRC regulatory headwinds; the release recaps that Q2 2026 revenue fell 31.6% and net income fell 76.8% year-over-year, driving an 18.9% ADS drop from $11.53 to $9.35 on August 26, 2026.\n\nInvestors have until November 27, 2026 to seek lead-plaintiff appointment. This is a plaintiff-firm solicitation rather than a new issuer disclosure; the underlying earnings damage was already public.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress; underlying earnings deterioration already public."},"keyFigures":{"customDimensions":{"stock_drop_percent":"18.9%","revenue_yoy_decline":"31.6%","net_income_yoy_decline":"76.8%","lead_plaintiff_deadline":"November 27, 2026"}},"quotedText":"Qfin revealed that total net revenue fell 31.6% year-over-year, net income plummeted 76.8% year-over-year, and issued disappointing financial guidance","namedEntities":{"people":[{"name":"Adam McCall","role":"BFA Law contact"}],"products":["Qifu Jietiao"],"companies":[{"name":"Qfin Holdings, Inc.","ticker":"QFIN","relationship":"defendant issuer"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$2.18","context":"per-ADS stock drop"},{"amount":"$11.53","context":"closing price per ADS on August 25, 2026"},{"amount":"$9.35","context":"closing price per ADS on August 26, 2026"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Bleichmar Fonti & Auld LLP. A class action filing is referenced, but this is the firm's own marketing release soliciting lead-plaintiff candidates; no certified class or settlement."},"tickerRelevance":{"others":[],"primary":"QFIN"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bleichmar Fonti & Auld LLP announced a securities fraud class action filed against Qfin Holdings (NASDAQ: QFIN) and certain senior executives in the U.S. District Court for the Eastern District of New York, captioned Kassam v. Qfin Holdings, Inc. et al., No. 26-cv-6024.\n\nThe suit alleges Qfin misrepresented the severity of PRC regulatory headwinds; the release recaps that Q2 2026 revenue fell 31.6% and net income fell 76.8% year-over-year, driving an 18.9% ADS drop from $11.53 to $9.35 on August 26, 2026.\n\nInvestors have until November 27, 2026 to seek lead-plaintiff appointment. This is a plaintiff-firm solicitation rather than a new issuer disclosure; the underlying earnings damage was already public.","key_figures":{"customDimensions":{"stock_drop_percent":"18.9%","revenue_yoy_decline":"31.6%","net_income_yoy_decline":"76.8%","lead_plaintiff_deadline":"November 27, 2026"}},"named_entities":{"people":[{"name":"Adam McCall","role":"BFA Law contact"}],"products":["Qifu Jietiao"],"companies":[{"name":"Qfin Holdings, Inc.","ticker":"QFIN","relationship":"defendant issuer"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$2.18","context":"per-ADS stock drop"},{"amount":"$11.53","context":"closing price per ADS on August 25, 2026"},{"amount":"$9.35","context":"closing price per ADS on August 26, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T10:06:06.979Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":6121,"modelName":"glm-5.3-flashx"}}