Canada Markets close in 5 hrs 43 mins
  • S&P/TSX

    20,571.30
    -50.10 (-0.24%)
     
  • S&P 500

    4,410.13
    +12.19 (+0.28%)
     
  • DOW

    34,364.50
    +99.10 (+0.29%)
     
  • CAD/USD

    0.7947
    -0.0052 (-0.6517%)
     
  • CRUDE OIL

    0 (0)
     
  • BTC-CAD

    45,938.32
    +3,305.66 (+7.75%)
     
  • CMC Crypto 200

    823.79
    +13.18 (+1.63%)
     
  • GOLD FUTURES

    1,841.10
    -0.60 (-0.03%)
     
  • RUSSELL 2000

    1,987.92
    -36.12 (-1.78%)
     
  • 10-Yr Bond

    1.7350
    -0.0120 (-0.69%)
     
  • NASDAQ

    13,855.10
    +86.23 (+0.63%)
     
  • VOLATILITY

    28.85
    +3.26 (+12.74%)
     
  • FTSE

    7,494.13
    -90.88 (-1.20%)
     
  • NIKKEI 225

    27,522.26
    -250.64 (-0.90%)
     
  • CAD/EUR

    0.7001
    -0.0066 (-0.93%)
     

ZME ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of January 18, 2022 in the Class Action Filed on Behalf of Zhangmen Education Inc. Limited Shareholders

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • ZME

New York, New York--(Newsfile Corp. - November 27, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Zhangmen Education Inc. (NYSE: ZME) alleging that the Company violated federal securities laws.

This lawsuit is on behalf of all those who purchased or otherwise acquired the American Depositary Shares of Zhangmen in or traceable to the Company's initial public offering, conducted on or about June 8, 2021, pursuant to the IPO prospectus.
Lead Plaintiff Deadline: January 18, 2022
No obligation or cost to you.

Learn more about your recoverable losses in ZME:
https://www.kleinstocklaw.com/pslra-1/zhangmen-education-inc-loss-submission-form?id=21581&from=5

Zhangmen Education Inc. NEWS - ZME NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Zhangmen Education Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) People's Republic of China authorities were in the process of implementing sweeping new regulatory reforms on the private education industry in China including, among others, prohibitions on (i) profit-making by private education companies, (ii) engaging in core-curriculum tutoring on weekends and vacations, and (iii) capital-raising by companies like Zhangmen; (b) the known risks, events and uncertainties noted in (a) above were reasonably likely to have a material adverse effect on the Company's business; and (c) based on the foregoing, the statements in the Registration Statement concerning the Company's historical financial performance, market demand, and industry trends were materially incomplete, inaccurate and misleading.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Zhangmen you have until January 18, 2022 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 Zhangmen securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the ZME lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.

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.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105381

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting