JD statements in the spotlight

Firm says CEO taken into custody in US, but later released

Three US law firms - Rosen Law Firm, Schall Law Firm and Pomerantz LLP - announced on their official websites on Wednesday they are investigating whether Chinese e-commerce giant JD made false or misleading statements on the case of its founder and chairman Liu Qiangdong or failed to disclose information pertinent to investors.

They said they will invite shareholders who suffered losses to participate in the investigation and a possible class action lawsuit. The Schall Law Firm encourages investors with losses in excess of $100,000 to contact it.