{"id":419819,"date":"2021-01-22T21:48:16","date_gmt":"2021-01-23T02:48:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419819"},"modified":"2021-01-22T21:48:16","modified_gmt":"2021-01-23T02:48:16","slug":"rosen-leading-investor-counsel-files-first-securities-class-action-lawsuit-against-lizhi-inc-encourages-investors-with-losses-exceeding-100k-to-contact-firm-lizi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-leading-investor-counsel-files-first-securities-class-action-lawsuit-against-lizhi-inc-encourages-investors-with-losses-exceeding-100k-to-contact-firm-lizi\/","title":{"rendered":"ROSEN, LEADING INVESTOR COUNSEL, Files First Securities Class Action Lawsuit Against Lizhi Inc.; Encourages Investors with Losses Exceeding $100K to Contact Firm – LIZI"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Jan. 22, 2021<\/span> \/PRNewswire\/ —\u00a0Rosen 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.\u00a0(NASDAQ: LIZI) pursuant and\/or traceable to Lizhi’s January 17, 2020<\/span> initial public offering (the “IPO” or the “Offering”). The lawsuit seeks to recover damages for Lizhi investors under the federal securities laws.<\/p>\n

\n

\n
\n \"Rosen
\n <\/a>\n <\/p>\n<\/p><\/div>\n

To join the Lizhi class action, go http:\/\/www.rosenlegal.com\/cases-register-1986.html<\/a>\u00a0or call Phillip Kim, Esq.<\/span> toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a>\u00a0or cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

According 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<\/span>, 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’s business, 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) even prior to the IPO, Lizhi employees and customers complained of, and to, Lizhi, which harmed the Company’s reputation and financial condition and prospects; and (4) as a result, Defendants’ public statements were materially false and\/or misleading at all relevant times.<\/p>\n

A 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<\/span><\/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>\u00a0or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq.<\/span> of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.<\/p>\n

NO 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’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n

Follow 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>. <\/p>\n

Rosen 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’s 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. <\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0 Laurence Rosen, Esq.<\/span>
\u00a0\u00a0\u00a0\u00a0\u00a0 Phillip Kim, Esq.<\/span>
\u00a0\u00a0\u00a0\u00a0\u00a0 The Rosen Law Firm, P.A.
\u00a0\u00a0\u00a0\u00a0\u00a0 275 Madison Avenue, 40th<\/sup> Floor
\u00a0\u00a0\u00a0\u00a0\u00a0 New York<\/span>, NY\u00a0 10016
\u00a0\u00a0\u00a0\u00a0\u00a0 Tel: (212) 686-1060
\u00a0\u00a0\u00a0\u00a0\u00a0 Toll Free: (866) 767-3653
\u00a0\u00a0\u00a0\u00a0\u00a0 Fax: (212) 202-3827
\u00a0\u00a0\u00a0\u00a0\u00a0 lrosen@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 pkim@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 cases@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 www.rosenlegal.com<\/a><\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/rosen-leading-investor-counsel-files-first-securities-class-action-lawsuit-against-lizhi-inc-encourages-investors-with-losses-exceeding-100k-to-contact-firm–lizi-301213510.html<\/a><\/p>\n

SOURCE Rosen Law Firm, P.A.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Jan. 22, 2021 \/PRNewswire\/ —\u00a0Rosen 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.\u00a0(NASDAQ: LIZI) pursuant and\/or traceable to Lizhi’s January 17, 2020 initial public offering (the “IPO” or the “Offering”). 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\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com\u00a0or cases@rosenlegal.com\u00a0for information on the class action. According 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, … <\/p>\n

Continue reading “ROSEN, LEADING INVESTOR COUNSEL, Files First Securities Class Action Lawsuit Against Lizhi Inc.; Encourages Investors with Losses Exceeding $100K to Contact Firm – 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-419819","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROSEN, LEADING INVESTOR COUNSEL, Files First Securities Class Action Lawsuit Against Lizhi Inc.; Encourages Investors with Losses Exceeding $100K to Contact Firm - 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\/rosen-leading-investor-counsel-files-first-securities-class-action-lawsuit-against-lizhi-inc-encourages-investors-with-losses-exceeding-100k-to-contact-firm-lizi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, LEADING INVESTOR COUNSEL, Files First Securities Class Action Lawsuit Against Lizhi Inc.; Encourages Investors with Losses Exceeding $100K to Contact Firm - LIZI - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Jan. 22, 2021 \/PRNewswire\/ —\u00a0Rosen 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.\u00a0(NASDAQ: LIZI) pursuant and\/or traceable to Lizhi’s January 17, 2020 initial public offering (the “IPO” or the “Offering”). 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\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com\u00a0or cases@rosenlegal.com\u00a0for information on the class action. 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