Pomerantz Appointed Lead Counsel in LexinFintech Securities Litigation

On November 19, 2020, U.S District Judge Michael H. Simon of the District of Oregon appointed Pomerantz LLP as Lead Counsel in In re LexinFintech Holdings Ltd. Sec. Litig, 20-cv-1562 (D. Or.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that LexinFintech Holdings Ltd.’s failed to maintain consistent operational and compliance policies during the COVID-19 pandemic, rendering the offering documents for its initial public offering invalid.