PR Newswire
LOS ANGELES, Dec. 9, 2021
LOS ANGELES, Dec. 9, 2021 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Zhangmen Education Inc.("Zhangmen" or the "Company") (NYSE: ZME).
Class Period: June 2021 IPO
Lead Plaintiff Deadline: January 18, 2022
If you wish to serve as lead plaintiff of the Zhangmen lawsuit, you can submit your contact information at www.glancylaw.com/cases/zhangmen-education-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
The complaint filed alleges that Defendants failed to disclose to investors that: (a) the People's Republic of China ("PRC") 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 the Registration Statement were reasonably likely to have a material adverse effect on Zhangmen's business; and (c) based on the foregoing, the statements in the Registration Statement concerning Zhangmen's historical financial performance, market demand, and industry trends were materially incomplete, inaccurate, and misleading.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
View original content:https://www.prnewswire.com/news-releases/zme-investors-have-opportunity-to-lead-zhangmen-education-inc-securities-fraud-lawsuit-301441440.html
SOURCE Glancy Prongay & Murray LLP
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