Lawsuit alleges Yiren Digital Ltd. made misleading statements to investors from April 29, 2026 to October 13, 2026; lead plaintiff motions are due December 28, 2026

LOS ANGELES, Nov. 5, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Yiren Digital Ltd. ("Yiren" or the "Company") (NYSE: YRD) on behalf of investors who acquired the Company's securities from April 29, 2026 to October 13, 2026. Filed on October 29, 2026, the case is Lester et al v. Yiren Digital Ltd. et al., U.S. District Court Central District of California, Case No. 2:26-cv-12673.

If you lost money on Yiren Digital Ltd. securities, submit your Yiren Digital Ltd. loss information by December 28, 2026 to learn about participating in the lawsuit.

Yiren Digital Ltd. class action timeline

• Class period begins: April 29, 2026
• Class period ends: October 13, 2026
• Complaint filed: October 29, 2026
• Lead plaintiff motion deadline: December 28, 2026

What happened?

On May 22, 2026, various media outlets reported that CreditEase, the Company's parent and controlling shareholder, was suspending all principal and interest payments on its fixed-income-like wealth management products offered through its asset management platforms, including products of Heritvest, a disclosed related party of Yiren, and announced an "orderly wind-down" of those products. The suspended products were reported to be worth approximately 30 billion yuan, or about $4.4 billion.

On this news, Yiren stock fell $0.27, or 14.44%, to close at $1.60 on May 22, 2026, thereby injuring investors.

On October 12, 2026, Yiren announced Ning Tang, the Company's Executive Chairman and Chief Executive Officer, had been subject to criminal compulsory measures in connection with an investigation involving certain affiliates of the Company's controlling shareholder.

On this news, Yiren stock fell $0.44 or 44.05%, to close at $0.56 on October 12, 2026, thereby further injuring investors.

What is the Yiren Digital Ltd. lawsuit about?

The Yiren Digital Ltd. securities lawsuit alleges that, between April 29, 2026 and October 13, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Yiren Digital Ltd.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) CreditEase, Yiren's controlling shareholder and its affiliates, all controlled by defendant Ning Tang, were experiencing severe financial distress that impaired their ability to satisfy their obligations; (2) as a result, the billions of RMB owed to Yiren by CreditEase affiliates were subject to significant credit risk; (3) Yiren was not separate from or unaffected by the affairs of CreditEase, given their shared leadership, Yiren's dependence on CreditEase, and Yiren's relationships with the CreditEase affiliates whose products defaulted; (4) Defendant Tang, Yiren's Executive Chairman, CEO, and controlling shareholder, was exposed to material legal and regulatory risk, including potential criminal liability, arising from CreditEase's conduct; and (5) as a result, defendants' positive statements about Yiren Digital Ltd.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"According to the complaint filed against Yiren Digital Ltd., the Company, among other things, did not disclose that CreditEase, Yiren's controlling shareholder and its affiliates, all controlled by defendant Ning Tang, were experiencing severe financial distress that impaired their ability to satisfy their obligations. The December 28, 2026 deadline is a key date for Yiren Digital Ltd. 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 Yiren Digital Ltd. investors do now?

The Law Offices of Frank R. Cruz can help Yiren Digital Ltd. investors evaluate potential claims to recover their losses.

Investors who want to serve as lead plaintiff in the Yiren Digital Ltd. class action must file a motion with the Court by December 28, 2026. For more information, visit the Yiren Digital Ltd. 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. Yiren Digital Ltd. 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 Yiren Digital Ltd. case.

Questions and answers about the Yiren Digital Ltd. lawsuit

Who is eligible? Investors who bought Yiren Digital Ltd. securities between April 29, 2026 and October 13, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 28, 2026.

What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Yiren Digital Ltd. class action.

Must I be lead plaintiff to share in a recovery? No, Yiren Digital Ltd. 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 Yiren Digital Ltd. investors pay no attorneys' fees up front. Any attorneys' fees and litigation expenses come only from a recovery, if there is one, and 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

• Yiren Digital Ltd. case page, The Law Offices of Frank R. Cruz
• Complaint: Lester et al v. Yiren Digital Ltd. et al., U.S. District Court Central District of California
• Yiren Press Release
• Yiren Digital Ltd. 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

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles