Latest Breaking News On - Yalla group limited - Page 28 : comparemela.com

Share this article Share this article NEW YORK, June 1, 2021 /PRNewswire/  Pomerantz LLP is investigating claims on behalf of investors of Yalla Group Limited ( Yalla or the Company ) (NYSE: YALA).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Yalla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  On May 19, 2021, Swan Street Research ( Swan Street ) published a report addressing Yalla, entitled Is Yalla Group a Multi $B Fraud?  The Clubhouse of the Middle East UAE Tech Unicorn that Never Was .  The Swan Street report alleges, among other things, that the Company inflates its metrics, including revenue, and characteries Yalla s financial statements as not credible . 

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