Deadline on March 22nd coming up in Lawsuit for Investors in Lizhi Inc. (NASDAQ: LIZI)

A deadline is coming up on March 22, 2021 in the lawsuit filed for certain investors of Lizhi Inc. (NASDAQ: LIZI).

Investors who purchased shares of Lizhi Inc. (NASDAQ: LIZI) have certain options and there are strict and short deadlines running. Deadline: March 22, 2021. NASDAQ: LIZI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of Lizhi Inc. (NASDAQ: LIZI) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement that was filed in connection with Lizhi’s IPO contained false and/or misleading statements and/or failed to disclose that 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, that 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, that 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 that as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Lizhi Inc. (NASDAQ: LIZI) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.