Johnson Fistel, LLP announced that it has filed a class action lawsuit on behalf of investors of Cloopen Group Holding Limited, accusing it of violating federal securities laws – QNT Press Release

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San Diego, December 10, 2021 /PRNewswire/ – Johnson Fistel, LLP, a shareholder’s equity law firm, announced that it has filed a class action lawsuit on behalf of all: (a) purchases or other acquisitions Cloopen Group Holdings Limited (NYSE code:RAAS) (“Cloopen” or “Company”) American Depositary Shares (“ADS”) are based and/or traceable to the company-related registration statement and prospectus (collectively referred to as the “Registration Statement”) February 2021 Initial public offering (“IPO”); and/or (b) Cloopen securities purchased or otherwise acquired February 9, 2021 with May 10, 2021, Including (“Class”).The lawsuit is in America Southern District Court New York And have a title Dong v. Cloopen Group Holding Limited et al, No. 1: 21-cv-10610.

How to join

The Private Securities Litigation Reform Act allows any investor falling into the above categories to seek appointment as lead plaintiff. The lead plaintiff directed the litigation on behalf of all other class members. The chief plaintiff can choose the law firm of his choice. The investor’s ability to share any potential future recovery does not depend on serving as the lead plaintiff.

[Click here to join]

If you want to seek to be appointed as the lead plaintiff, please [click here to join], or Contact the Chief Financial Analyst Jim Baker exist jimb@johnsonfistel.com Or 619-814-4471. If sending by email, please include the phone number. You do not have to bear any fees or obligations. A motion of the chief plaintiff must be submitted…

The full story can be found on Benzinga.com

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