Shareholder Alert: Robbins LLP Announces That Lizhi Inc. (LIZI) is Being Sued for Misleading Shareholders
SAN DIEGO & GUANGZHOU, China–(BUSINESS WIRE)–Shareholder rights law firm Robbins LLP announces that a purchaser of Lizhi Inc.’s (NASDAQ:LIZI) American Depository Shares filed a class action complaint against the Company and its officers and directors for alleged violation of the Securities Act of 1933 in connection with the Company’s January 17, 2020 initial public offering (“IPO”). Lizhi operates an online user-generated content and audio community, interactive audio entertainment platform, and online audio platform in China.
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Lizhi Inc. (LIZI) Misled Shareholders Regarding the Impact of the Coronavirus on its Financial Condition and Prospects