Los Angeles, California--(Newsfile Corp. - August 2, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Kanzhun Limited ("Kanzhun" or "the Company") (NASDAQ: BZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between June 11, 2021 and July 2, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before September 10, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Kanzhun was facing a review from the Cyberspace Administration of China (the "CAC"). The Chinese government would require the Company to suspend adding new users to its BOSS Zhipin app. The Company was instructed "to conduct a comprehensive examination of cybersecurity risks," and "enhance its cybersecurity awareness and technology capabilities." Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Kanzhun, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91839