Yiren Digital (NYSE: YRD) SHAREHOLDER ALERT: Investors With Losses May Seek to Lead the Class Action in Yiren Digital Securities Lawsuit - Contact Portnoy Law Firm

LOS ANGELES, Nov. 04, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm notifies investors in Yiren Digital (NYSE: YRD) that a securities class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Yiren common stock between April 29, 2026 and October 13, 2026, inclusive (the 'Class Period'). Find out if you qualify to recover your per-share losses by choosing to join the class action and submit your trade details. Investors who suffered financial losses have until December 28, 2026 to seek appointment as lead plaintiff. Shareholders should contact Lesley Portnoy via e-mail (Lesley@portnoylaw.com or call (310) 692-8883) or visit http://portnoylaw.com/yiren-digital to learn more information and discuss their legal rights.

Please visit our website for more information on how to participate in this class action.

On October 12, 2026, media outlets reported that the Chaoyang Branch of the Beijing Municipal Public Security Bureau had initiated a criminal investigation into CreditEase—the controlling parent company of Yiren Digital Ltd. ("Yiren" or the "Company")—and imposed criminal coercive measures on its actual controller, CEO, and Executive Chairman, Defendant Ning Tang, along with several other suspects. This followed disclosures that CreditEase's earlier suspension of redemptions on approximately 30 billion yuan (approx. $4.4 billion) in fixed-income wealth management products constituted an actual default, driven by corporate insolvency and poor asset quality. On October 12, 2026, Yiren issued a press release conceding that the criminal compulsory measures imposed on Defendant Tang could severely impair his ability to perform his executive duties and materially harm the Company's reputation, business, and financial condition. In response to these disclosures, the price of Yiren American Depositary Shares (ADSs) plummeted $0.44 per ADS, or approximately 44.1%, to close at $0.56 per ADS on October 12, 2026, and fell an additional 18.7% to close at $0.46 per ADS on October 13, 2026.

WHY PORTNOY LAW FIRM

The Portnoy Law Firm represents investors in complex securities class action litigation and shareholder rights matters across the nation. Founded by Lesley Portnoy, the firm's attorneys have recovered billions of dollars for aggrieved institutional and retail investors. The firm leverages extensive legal expertise and sophisticated financial forensic capabilities to hold public corporations accountable for corporate wrongdoing and misrepresentation.

Lead Plaintiff Deadline: Investors who suffered losses on Yiren Digital stock during the Class Period have until December 28, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the Yiren Digital Lawsuit

Q: What is the Yiren Digital lead plaintiff deadline?
A: The deadline to apply for lead plaintiff appointment is December 28, 2026. This deadline applies strictly to investors seeking to serve as lead plaintiff representing the class. Class members who do not apply may still participate in any eventual financial recovery as absent class members without taking any action at this time.

Q: How much did Yiren Digital stock drop and on what dates?
A: Following news reports on October 12, 2026, regarding the criminal investigation and coercive measures imposed on CEO Ning Tang, Yiren American Depositary Shares (ADSs) fell $0.44 per ADS, or approximately 44.1%, to close at $0.56 per ADS on October 12, 2026. Yiren ADSs continued to decline the following day, falling an additional $0.1050, or approximately 18.7%, to close at $0.46 per ADS on October 13, 2026.

Q: What specific misstatements does the Yiren Digital lawsuit allege?
A: The complaint alleges that Defendants made materially false and misleading statements in Yiren's annual report on Form 20-F for fiscal year 2025 and subsequent press releases by: (1) falsely assuring investors that the Company faced no significant credit risk on billions of RMB owed by CreditEase and its affiliates; (2) downplaying CreditEase's financial distress as a hypothetical risk limited strictly to marketing and brand reputation; (3) framing the potential loss of key executives as a generic risk while omitting Defendant Tang's severe legal exposure and potential criminal liability; (4) underplaying risks tied to the Company's variable interest entity (VIE) structure solely as routine conflicts of interest; and (5) falsely claiming in a May 26, 2026 press release that media reports concerning CreditEase's wealth management product suspensions were entirely disconnected from Yiren.

Q: What do Yiren Digital investors need to do right now?
A: Investors who purchased YRD common stock during the Class Period (April 29, 2026 through October 13, 2026) should gather their trade confirmation slips or brokerage transaction logs showing purchase dates, number of shares, and prices paid. You may submit your trade details to Portnoy Law Firm here for a free, no-obligation evaluation of your potential loss recovery. No immediate legal action is required to remain an eligible absent class member.

Q: Does it cost anything to participate in this case as a lead plaintiff?

A: A lead plaintiff does not pay any fees or expenses out of pocket. Our firm works on a contingency basis, and will collect any fees or expenses directly from a future recovery.

Q: What is a lead plaintiff and why does it matter?

A: A lead plaintiff is a court-appointed class member who acts on behalf of all other class members in directing the litigation. The lead plaintiff is typically the investor or group of investors that makes a motion with the largest financial interest in the relief sought. While serving as lead plaintiff does not increase an investor's individual financial recovery compared to other class members, it gives the investor direct authority to select lead counsel and oversee the prosecution of the lawsuit.

Q: Does the lead plaintiff receive any type of compensation?

A: Yes, in many cases, Courts award the lead plaintiff an additional amount of money to compensate the lead plaintiff for their participation in the case.

Q: What if I already sold my Yiren Digital shares -- can I still recover losses?
A: Yes. Eligibility to participate in a securities class action recovery depends on whether you purchased or acquired YRD common stock during the Class Period (April 29, 2026 to October 13, 2026) and suffered an economic loss. Investors who sold their shares prior to or after the public disclosures may still be eligible to recover damages based on the artificial inflation present in the stock at the time of purchase.

Q: How long will the Yiren Digital lawsuit take to resolve?
A: Securities class action lawsuits typically take between two and four years from initial filing to full resolution. The exact timeline depends on court scheduling, motion practice (such as motions to dismiss), pre-trial discovery, and potential settlement negotiations or trial proceedings.

Q: Can I choose a different law firm to represent me?
A: Yes. Investors have the absolute right to retain any legal counsel of their choice. When multiple class action complaints are filed, the court will consolidate the actions and appoint a lead plaintiff and lead counsel. You may choose to be represented by Portnoy Law Firm, retain separate counsel, or remain an absent class member represented by court-appointed lead counsel.

CONTACT INFORMATION

Portnoy Law Firm
Lesley Portnoy, Esq.
Email: lesley@portnoylaw.com / info@portnoylaw.com
Telephone: (310) 692-8883

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