BZ LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of Kanzhun Limited Shareholders

New York, New York--(Newsfile Corp. - July 20, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Kanzhun Limited (NASDAQ: BZ).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/kanzhun-limited-loss-submission-form/?id=17802&from=5

Affected shareholders purchased shares of BZ between June 11, 2021 and July 2, 2021

Shareholders interested in representing the class of wronged shareholders have until September 10, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Kanzhun Limited issued materially false and/or misleading statements and/or failed to disclose that: (1) Kanzhun would face an imminent cybersecurity review by the Chinese government ("CAC"); (2) the CAC would require Kanzhun to suspend new user registration on its BOSS Zhipin app; (3) Kanzhun needed to "to conduct a comprehensive examination of cybersecurity risks"; (4) Kanzhun needed to "enhance its cybersecurity awareness and technology capabilities"; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90728