New York, New York--(Newsfile Corp. - August 4, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Kanzhun Limited (NASDAQ: BZ) alleging that the Company violated federal securities laws.
Class Period: June 11, 2021 and July 2, 2021
Lead Plaintiff Deadline: September 10, 2021
No obligation or cost to you.
Learn more about your recoverable losses in BZ:
Kanzhun Limited NEWS - BZ NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Kanzhun Limited made materially false and/or misleading statements and/or failed to disclose that: (1) Kanzhun would face an imminent cybersecurity review by the Cyberspace Administration of China ("CAC"); (2) the CAC would require Kanzhun to suspend new user registration on its BOSS Zhipin app; (3) Kanzhun needed to "to conduct a comprehensive examination of cybersecurity risks"; (4) Kanzhun needed to "enhance its cybersecurity awareness and technology capabilities"; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Kanzhun you have until September 10, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Kanzhun securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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