According to the lawsuit, the Registration Statement contained misleading and/or false statements and/or failed to disclose that: (1) the coronavirus was already ravaging China, the home base, principal market, and significant hub for Lizhi, its employees, and its customers, at the time of the IPO, ; (2) Lizhi’s business was already being negatively affected by the complications associated with the coronavirus, as employees and customers contracted the virus, lost employment, or otherwise experienced difficulty in generating, publishing, and monetizing the content critical to Lizhi’s platform; (3) Lizhi employees and customers complained of, and to, Lizhi, even prior to the IPO, which harmed the Lizhi’s reputation and financial condition and prospects; and (4) Lizhi’s public statements were materially false and/or misleading at all relevant times, as a result.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at firstname.lastname@example.org.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067