{"id":471264,"date":"2021-04-06T02:04:15","date_gmt":"2021-04-06T06:04:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471264"},"modified":"2021-04-06T02:04:15","modified_gmt":"2021-04-06T06:04:15","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited &#8211; BLCT"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">April 6, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Pomerantz LLP is investigating claims on behalf of investors of\u00a0BlueCity Holdings Limited\u00a0(&#8220;BlueCity&#8221; or the &#8220;Company&#8221;)\u00a0(NASDAQ:\u00a0BLCT).\u00a0 Such investors are advised to contact <span class=\"xn-person\">Robert S. Willoughby<\/span> at <a target=\"_blank\" href=\"mailto:newaction@pomlaw.com\" rel=\"nofollow noopener noreferrer\">newaction@pomlaw.com<\/a> or 888-476-6529, ext. 7980.<\/p>\n<p>The investigation concerns whether BlueCity and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 <\/p>\n<p class=\"prntac\">\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3119620-11&amp;h=1802015952&amp;u=https%3A%2F%2Fpomlaw.com%2Flearn-more-form%3Fcompany%3DBLCT&amp;a=%5BClick+here+for+information+about+joining+the+class+action%5D\" rel=\"nofollow noopener noreferrer\">[Click here for information about joining the class action]<\/a>\u00a0<\/p>\n<p>On or around <span class=\"xn-chron\">July 8, 2020<\/span>, BlueCity conducted its initial public offering, issuing 5,300,000 American Depositary Shares (&#8220;ADSs&#8221;) priced at <span class=\"xn-money\">$16.00<\/span> per ADS.\u00a0 Then, on <span class=\"xn-chron\">March 23, 2021<\/span>, BlueCity issued a press release announcing its results for the fourth quarter of 2020.\u00a0 Among other results, BlueCity announced revenue of <span class=\"xn-money\">$42.7 million<\/span>, missing consensus estimates by <span class=\"xn-money\">$3.92 million<\/span>.\u00a0 <\/p>\n<p>On this news, BlueCity&#8217;s ADS price fell <span class=\"xn-money\">$2.15<\/span> per ADS, or 26.71%, over the following two trading sessions, to close at <span class=\"xn-money\">$8.92<\/span> per ADS on <span class=\"xn-chron\">March 24, 2021<\/span>.<\/p>\n<p>The Pomerantz Firm, with offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Chicago<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, and <span class=\"xn-location\">Paris<\/span> is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late <span class=\"xn-person\">Abraham L. Pomerantz<\/span>, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3119620-11&amp;h=510635614&amp;u=http%3A%2F%2Fwww.pomerantzlaw.com%2F&amp;a=www.pomerantzlaw.com\" rel=\"nofollow noopener noreferrer\">www.pomerantzlaw.com<\/a><\/p>\n<p>CONTACT: <br \/><span class=\"xn-person\">Robert S. Willoughby<\/span><br \/>Pomerantz LLP <br \/><a target=\"_blank\" href=\"mailto:rswilloughby@pomlaw.com\" rel=\"nofollow noopener noreferrer\">rswilloughby@pomlaw.com<\/a> \u00a0<br \/>888-476-6529 ext. 7980<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC33010&amp;sd=2021-04-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited---blct-301262556.html\">http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited&#8212;blct-301262556.html<\/a><\/p>\n<p>SOURCE  Pomerantz LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC33010&amp;Transmission_Id=202104060200PR_NEWS_USPR_____DC33010&amp;DateId=20210406\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, April 6, 2021 \/PRNewswire\/ &#8212;\u00a0Pomerantz LLP is investigating claims on behalf of investors of\u00a0BlueCity Holdings Limited\u00a0(&#8220;BlueCity&#8221; or the &#8220;Company&#8221;)\u00a0(NASDAQ:\u00a0BLCT).\u00a0 Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether BlueCity and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action]\u00a0 On or around July 8, 2020, BlueCity conducted its initial public offering, issuing 5,300,000 American Depositary Shares (&#8220;ADSs&#8221;) priced at $16.00 per ADS.\u00a0 Then, on March 23, 2021, BlueCity issued a press release announcing its results for the fourth quarter of 2020.\u00a0 Among other results, BlueCity announced revenue of $42.7 million, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited &#8211; BLCT&#8221;<\/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-471264","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited - BLCT - 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\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited - BLCT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, April 6, 2021 \/PRNewswire\/ &#8212;\u00a0Pomerantz LLP is investigating claims on behalf of investors of\u00a0BlueCity Holdings Limited\u00a0(&#8220;BlueCity&#8221; or the &#8220;Company&#8221;)\u00a0(NASDAQ:\u00a0BLCT).\u00a0 Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether BlueCity and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action]\u00a0 On or around July 8, 2020, BlueCity conducted its initial public offering, issuing 5,300,000 American Depositary Shares (&#8220;ADSs&#8221;) priced at $16.00 per ADS.\u00a0 Then, on March 23, 2021, BlueCity issued a press release announcing its results for the fourth quarter of 2020.\u00a0 Among other results, BlueCity announced revenue of $42.7 million, &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited &#8211; BLCT&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T06:04:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC33010&amp;sd=2021-04-06\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited &#8211; 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or the &#8220;Company&#8221;)\u00a0(NASDAQ:\u00a0BLCT).\u00a0 Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether BlueCity and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action]\u00a0 On or around July 8, 2020, BlueCity conducted its initial public offering, issuing 5,300,000 American Depositary Shares (&#8220;ADSs&#8221;) priced at $16.00 per ADS.\u00a0 Then, on March 23, 2021, BlueCity issued a press release announcing its results for the fourth quarter of 2020.\u00a0 Among other results, BlueCity announced revenue of $42.7 million, &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited &#8211; BLCT\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T06:04:15+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC33010&amp;sd=2021-04-06","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-bluecity-holdings-limited-blct-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlueCity Holdings Limited &#8211; 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