NEW YORK, 23 December 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of the securities of Zhangmen Education Inc. (NYSE: ZME) in Zhangmen Education’s initial public offering on or about June 8, 2021 (“IPO”), in accordance with the IPO prospectus (the “Prospectus”) and the registration statement in form F-1, as amended (together with the Prospectus, the “Registration Statement”), of January 18, 2022 lead applicant time limit.
SO WHAT: If you have purchased securities of Zhangmen Education in accordance with and / or traceable to the IPO, you may be entitled to compensation without payment of any fees or additional charges through a contingency fee agreement. .
WHAT TO DO NEXT: To join the Zhangmen Education class action lawsuit, visit http://www.rosenlegal.com/cases-register-2213.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court not later than January 18, 2022. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing opinions do not have significant experience, resources or recognition by their peers. Many of these companies do not actually litigate class actions in securities. Be wise in choosing a lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company achieved more than $ 438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as Titan of the Plaintiff’s Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the enrollment statement was false and / or misleading and / or did not reveal that: (1) Chinese authorities were implementing sweeping new regulatory reforms on the private education sector in China including, among others, prohibitions on (a) making profits by private educational companies, (b) engaging in tutoring the core curriculum on weekends and holidays, and (c) raising capital by companies like Zhangmen Education; (2) the known risks, events and uncertainties mentioned in the registration statement were reasonably likely to have a material adverse effect on the business of Zhangmen Education; and (3) Based on the foregoing, the statements in the registration statement regarding Zhangmen Education’s historical financial performance, market demand and industry trends were materially incomplete, inaccurate and misleading. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Zhangmen Education class action lawsuit, visit http://www.rosenlegal.com/cases-register-2213.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York State 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA