ROSEN, LEADING INVESTOR COUNSEL, Files First Securities Class Action Lawsuit Against Lizhi Inc.; Encourages Investors with Losses Exceeding $100K to Contact Firm
NEW YORK, January 22, 2021 / PRNewswire / – Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of buyers of the securities of Lizhi Inc. (NASDAQ: LIZI) that is Lizhi’s and / or traceable 17th January 2020 Initial public offering (“IPO” or “Offering”). The lawsuit seeks to seek damages for Lizhi investors under federal securities laws.
To participate in the Lizhi class action lawsuit, go to http://www.rosenlegal.com/cases-register-1986.html or 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 statements and / or did not reveal that: (1) At the time of the IPO, the coronavirus was already devastated China, the home base, main market and major hub for Lizhi, its employees and its customers; (2) The complications associated with the coronavirus were already having a negative impact on Lizhi’s business as employees and customers became infected with the virus, lost their jobs or otherwise had difficulties generating the content that was critical for Lizhi’s platform publish and monetize. (3) Even before the IPO, Lizhi employees and customers complained about and at Lizhi, which affected the company’s reputation, financial situation and prospects. and (4) as a result, Defendants’ public statements at all relevant times have been materially false and / or misleading.
A class action lawsuit has already been filed. If you want to appear as the lead plaintiff, you have to move the court at the latest March 22, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. If you would like to join the litigation, visit http://www.rosenlegal.com/cases-register-1986.html or contact to discuss your rights or interests in relation to this class action lawsuit 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 is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to get involved in a potential future recovery does not depend on being the lead plaintiff.
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Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted one of the top 3 every year since 2013. The Rosen law firm has filed its largest class action lawsuit ever for securities against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised 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, PA law firm
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