NEW YORK, Jan. 25, 2021 /PRNewswire/ — Rosen Regulation Company, a world wide trader rights regulation firm, reminds purchasers of the securities of Lizhi Inc. pursuant and/or traceable to Lizhi’s January 17, 2020 original community giving (the “IPO” or the “Featuring”) of the crucial March 22, 2021 lead plaintiff deadline in the 1st submitted securities class motion commenced by the company. The lawsuit seeks to get better damages for Lizhi buyers beneath the federal securities legislation.

To sign up for the Lizhi class action, go up-1986.html or phone Phillip Kim, Esq. toll-free of charge at 866-767-3653 or email [email protected] or [email protected] for information on the course motion.

In accordance to the lawsuit, the Registration Statement contained wrong and/or misleading statements and/or failed to disclose that: (1) at the time of the IPO, the coronavirus was previously ravaging China, the dwelling base, principal market place, and major hub for Lizhi, its personnel, and its consumers (2) the complications related with the coronavirus have been presently negatively impacting Lizhi’s business enterprise, as workers and prospects contracted the virus, dropped work, or if not seasoned difficulty in making, publishing, and monetizing the material crucial to Lizhi’s system (3) even prior to the IPO, Lizhi staff and consumers complained of, and to, Lizhi, which harmed the Company’s popularity and fiscal ailment and prospective customers and (4) as a outcome, Defendants’ public statements were being materially fake and/or misleading at all related moments.

A class motion lawsuit has presently been submitted. If you wish to serve as direct plaintiff, you need to transfer the Court docket no later than March 22, 2021. A lead plaintiff is a consultant party performing on behalf of other course users in directing the litigation. If you would like to be part of the litigation, go to up-1986.html or to discuss your legal rights or passions relating to this course action, make sure you contact Phillip Kim, Esq. of Rosen Legislation Business toll cost-free at 866-767-3653 or by using e-mail at [email protected] or [email protected]&#13

NO Class HAS Yet BEEN Qualified IN THE Previously mentioned Motion. Right until A Course IS Accredited, YOU ARE NOT REPRESENTED BY COUNSEL Until YOU Retain One particular. YOU May possibly Keep COUNSEL OF YOUR Decision. YOU May ALSO Continue to be AN ABSENT Course MEMBER AND DO Absolutely nothing AT THIS Level. AN INVESTOR’S Potential TO SHARE IN ANY Potential Future Recovery IS NOT DEPENDENT On SERVING AS Guide PLAINTIFF.

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Rosen Legislation Company represents buyers during the world, concentrating its apply in securities class steps and shareholder derivative litigation. Rosen Regulation Business was Rated No. 1 by ISS Securities Class Motion Companies for amount of securities course action settlements in 2017. The company has been rated in the top 3 each year considering that 2013. Rosen Law Business has realized the major ever securities class action settlement against a Chinese Business. Rosen Law Firm’s lawyers are ranked and acknowledged by various impartial and respected sources. Rosen Regulation Agency has secured hundreds of tens of millions of pounds for investors. Legal professional Advertising. Prior success do not ensure a equivalent final result.


Call Data:&#13

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Legislation Agency, P.A.
      275 Madison Avenue, 40th Flooring
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Absolutely free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      [email protected]
      [email protected]

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