Yiren Digital Investors Face Dec. 28 Lead Plaintiff Deadline

The complaint alleges that CreditEase and affiliates controlled by Yiren Executive Chairman and CEO Ning Tang were in severe financial distress, putting billions of RMB owed to Yiren at significant credit risk. It also claims Yiren was closely linked to CreditEase through shared leadership and business relationships, and that Tang faced material legal and regulatory risks, including potential criminal liability. The allegations have not been established in court.

The complaint says the alleged problems began coming to light after CreditEase suspended redemptions on May 22, 2026. On Oct. 11, media reports described a letter to investors in fixed-income products distributed through the Ruicheng App and Yiren Youxuan App. The letter reportedly called the suspension a substantive default and cited preliminary due diligence indicating possible insolvency, a substantial repayment gap and poor-quality underlying assets.

On Oct. 12, reports said Beijing police had opened a criminal investigation into CreditEase and imposed criminal coercive measures on several suspects, including Tang and his wife, Zhao Mei. Yiren ADSs fell $0.44, or about 44.1%, to $0.56 that day. After the market closed, the company said the measures against Tang could impair or prevent him from carrying out his duties for an extended period. Yiren appointed Na Mei acting CEO the next day; its ADSs fell a further $0.1050, or about 18.7%, to $0.46 on Oct. 13.

Investors may seek appointment as lead plaintiff, though they do not need to take that role to remain part of the class. Robbins LLP says it represents clients on a contingency basis, with no upfront or out-of-pocket fees. The firm lists attorney Aaron Dumas, Jr., and the phone number (800) 350-6003 for inquiries.