Deadline on January 17th coming up in lawsuit for Investors in Zhangmen Education Inc. (NYSE: ZME)

A deadline is coming up on January 17, 2022 in the lawsuit filed for certain investors of Zhangmen Education Inc. (NYSE: ZME).

Investors who purchased shares of Zhangmen Education Inc. (NYSE: ZME) have certain options and there are strict and short deadlines running. Deadline: January 17, 2022. NYSE: ZME 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 Southern District of New York the plaintiff alleges on behalf of purchasers of Zhangmen Education Inc. (NYSE: ZME) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the IPO Registration Statement did not disclose that: the authorities of the People’s Republic of China were in the process of implementing radical new regulatory reforms in the private education industry in porcelain including, among others, prohibitions on: (i) obtaining profits by private educational companies, (ii) participating in tutorials of the basic curriculum on weekends and holidays, and (iii) raising capital by companies like Zhangmen Education; (b) it was reasonably likely that the known risks, events and uncertainties noted in the Registration Statement would have a material adverse effect on the business of Zhangmen Education; and (c) based on the foregoing, the statements in the Registration Statement regarding historical financial performance, market demand and industry trends of Zhangmen Education were materially incomplete, inaccurate and misleading.

Those who purchased shares of Zhangmen Education Inc. (NYSE: ZME) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.