HUAZHU LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Huazhu Group Limited To Contact The Firm

Specifically, on August 28, 2018, Reuters reported that Chinese police had been alerted to a possible data breach by the Company and were investigating a possible leak of client information. Additionally, Xinhua reported that "nearly 500 million pieces of information related to the hotel group's customers" had been posted online.

On this news, Huazhu's share price fell from $35.53 per share on August 27, 2018 to a closing price of $33.98 on August 28, 2018—a $1.55 or a 4.36% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Huazhu's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

View original content to download multimedia:http://www.prnewswire.com/news-releases/huazhu-lead-plaintiff-deadline-alert-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-exceeding-100-000-in-huazhu-group-limited-to-contact-the-firm-300743107.html

SOURCE Faruqi & Faruqi, LLP