{"id":418021,"date":"2021-01-20T14:48:21","date_gmt":"2021-01-20T19:48:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=418021"},"modified":"2021-01-20T14:48:21","modified_gmt":"2021-01-20T19:48:21","slug":"lizi-equity-alert-rosen-law-firm-files-securities-class-action-lawsuit-against-lizhi-inc-lizi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lizi-equity-alert-rosen-law-firm-files-securities-class-action-lawsuit-against-lizhi-inc-lizi\/","title":{"rendered":"LIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI"},"content":{"rendered":"

<\/p>\n

LIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nRosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Lizhi Inc. (NASDAQ: LIZI) pursuant and\/or traceable to Lizhi\u2019s January 17, 2020 initial public offering (the \u201cIPO\u201d or the \u201cOffering\u201d). The lawsuit seeks to recover damages for Lizhi investors under the federal securities laws.\n<\/p>\n

\nTo join the Lizhi class action, go http:\/\/www.rosenlegal.com\/cases-register-1986.html<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.\n<\/p>\n

\nAccording to the lawsuit, the Registration Statement contained false and\/or misleading statements and\/or failed to disclose that: (1) at the time of the IPO, the coronavirus was already ravaging China, the home base, principal market, and significant hub for Lizhi, its employees, and its customers; (2) the complications associated with the coronavirus were already negatively affecting Lizhi\u2019s business, as employees and customers contracted the virus, lost employment, or otherwise experienced difficulty in generating, publishing, and monetizing the content critical to Lizhi\u2019s platform; (3) even prior to the IPO, Lizhi employees and customers complained of, and to, Lizhi, which harmed the Company\u2019s reputation and financial condition and prospects; and (4) as a result, Defendants\u2019 public statements were materially false and\/or misleading at all relevant times.\n<\/p>\n

\nA class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 22, 2021<\/b>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http:\/\/www.rosenlegal.com\/cases-register-1986.html<\/a> or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.\n<\/p>\n

\nNO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR\u2019S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.\n<\/p>\n

\nFollow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm<\/a>.\n<\/p>\n

\nRosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm\u2019s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210120005662\/en\/<\/a><\/span><\/p>\n

\nLaurence Rosen, Esq.
\n
Phillip Kim, Esq.
\n
The Rosen Law Firm, P.A.
\n
275 Madison Avenue, 40th<\/sup> Floor
\n
New York, NY 10016
\n
Tel: (212) 686-1060
\n
Toll Free: (866) 767-3653
\n
Fax: (212) 202-3827
\n
lrosen@rosenlegal.com
\n<\/a>
pkim@rosenlegal.com
\n<\/a>
cases@rosenlegal.com
\n<\/a>
www.rosenlegal.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

LIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI NEW YORK–(BUSINESS WIRE)– Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Lizhi Inc. (NASDAQ: LIZI) pursuant and\/or traceable to Lizhi\u2019s January 17, 2020 initial public offering (the \u201cIPO\u201d or the \u201cOffering\u201d). The lawsuit seeks to recover damages for Lizhi investors under the federal securities laws. To join the Lizhi class action, go http:\/\/www.rosenlegal.com\/cases-register-1986.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. According to the lawsuit, the Registration Statement contained false and\/or misleading statements and\/or failed to … <\/p>\n

Continue reading “LIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-418021","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lizi-equity-alert-rosen-law-firm-files-securities-class-action-lawsuit-against-lizhi-inc-lizi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LIZI Equity Alert: Rosen Law Firm Files Securities Class Action Lawsuit Against Lizhi Inc. \u2013 LIZI NEW YORK–(BUSINESS WIRE)– Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Lizhi Inc. (NASDAQ: LIZI) pursuant and\/or traceable to Lizhi\u2019s January 17, 2020 initial public offering (the \u201cIPO\u201d or the \u201cOffering\u201d). The lawsuit seeks to recover damages for Lizhi investors under the federal securities laws. To join the Lizhi class action, go http:\/\/www.rosenlegal.com\/cases-register-1986.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. 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