Jayud Global shares plunge 14.1% intraday amid class action lawsuits over alleged pump-and-dump scheme involving social media fraud and insider stock dumping.

Jayud Global (NASDAQ: JYD) fell 14.10% intraday after multiple law firms announced class action lawsuits alleging securities fraud tied to a pump-and-dump scheme. The lawsuits claimed Jayud’s stock price was artificially inflated via social media misinformation and impersonated financial professionals, with insiders and affiliates using offshore accounts to dump shares during the price surge. The stock’s abrupt 95% collapse in April 2025, following the scheme’s exposure, left investors with significant losses. The recent legal actions, filed by firms including Schall Law, Berger Montague, and Howard G. Smith, reiterated these allegations, highlighting materially misleading statements and omitted risks. The lawsuits, which target the company and executives for violating securities laws, likely triggered renewed selling pressure as the market reacted to formalized legal scrutiny over the alleged fraudulent activities.