ROSEN, A TOP RANKED LAW FIRM, Files Securities Class Action Lawsuit Against BlueCity Holdings Limited
NEW YORK, July 20, 2021 / PRNewswire / – Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of the purchasers of the securities of BlueCity Holdings Limited (NASDAQ: BLCT) under and / or traceable to the Registration Statement and related party Prospectus (collectively the “Registration Statement”) in connection with BlueCity’s July 8, 2020 Initial Public Offering (the “IPO” or the “Offering”). The lawsuit aims to seek compensation for BlueCity investors under federal securities laws.
To participate in the BlueCity class action lawsuit, go to https://www.rosenlegal.com/cases-register-2092.html or give a call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] Class action information.
According to the lawsuit, the registration statement contained false and / or misleading information and / or did not contain the following information: (1) Defendants had overestimated BlueCity’s business and financial prospects; (2) BlueCity was ill-equipped to bear the costs of converting to a publicly traded company, including IPO and growth costs; (3) As a result of all of this, Defendants misrepresented BlueCity’s ability to achieve sustainable growth; and (4) as a result, the registration statement was materially false or misleading and did not contain any information to be included therein. When the real details hit the market, the lawsuit claims that investors have suffered damage.
A class action lawsuit has already been filed. If you want to appear as the main plaintiff, you have to go to court no later than no 17.09.2021. A lead plaintiff is a representative party who acts on behalf of other group members in directing the dispute. To join the litigation visit https://www.rosenlegal.com/cases-register-2092.html or to discuss your rights or interests in relation to this class action lawsuit please contact Phillip Kim, Esq. the law firm Rosen free of charge at 866-767-3653 or by email at [email protected] or [email protected].
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. UNTIL A CLASS HAS BEEN CERTIFIED YOU WILL NOT BE REPRESENTED BY AN ADVISOR UNLESS YOU KEEP ONE. YOU MAY KEEP ADVISERS OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. THE ABILITY OF AN INVESTOR TO PARTICIPATE IN ANY FUTURE RECOVERY IS NOT DEPENDENT ON SERVING AS THE LEAD PLAIN.
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Rosen Law Firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for 2017 number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 against a Chinese company. Rosen Law Firm attorneys are rated and recognized by numerous independent and reputable sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
new York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA