Jayud Global shares fall 11.67% after-hours as Schall Law Firm files securities fraud lawsuit over alleged false statements and stock promotion scheme.

Jayud Global Logistics Limited (JYD) declined 11.67% in after-hour trading following the announcement of a class action lawsuit by the Schall Law Firm, alleging violations of securities laws through a fraudulent stock promotion scheme involving false statements and offshore share dumping. The lawsuit, filed on December 5, 2025, claims the company misled investors between April 2023 and April 2025, causing damages when the truth emerged. This legal overhang overshadowed older, positive news such as recent partnerships and operational expansions, which were dated up to nine months prior and unrelated to the immediate price movement. The bearish legal development directly aligned with the stock’s sharp after-hours decline.