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law office Kessler Topaz Meltzer & Check, LLP Notify investors that a securities class action has been filed against Cloopen Group Holding Limited (“Cloopen”) (("http://www.w3.org/1999/xhtml" Relative ="Not following" href="https://cts.businesswire.com/ct/CT?id=smartlink&, url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FRAAS%3Fp%3DRAAS%26.tsrc%3Dfin-srch&, esheet= 52551730&, newsitemid=20211216005262&, lan=en-US&, anchor=NYSE%3A+RAAS&, index=2&, NYSE:RAAS). The lawsuit accuses Cloopen of violating federal securities laws, including omissions and fraudulent misrepresentations related to the company’s business, operations, and prospects. Due to Cloopen’s material misleading statements to the public, Cloopen investors suffered heavy losses.
To view our video, please click here
click here Submit your Cloopen loss
Deadline for lead plaintiff: February 8, 2022
Class time: February 9, 2021 to May 10, 2021
Contact a lawyer to discuss your rights:
James Marlow, Esq. (484) 270-1453 or toll free (844) 887-9500 or email to info@ktmc.com
Cloopen’s Suspected misconduct
Cloopen provides cloud-based communication solutions that allow application programming interfaces and software development kits to embed messaging, voice calls, audio and video, instant messaging, and other communications into enterprise applications, services, and/or business processes .
On February 9, 2021, Cloopen conducted an initial public offering (“IPO”), selling 23 million American Depositary Shares (“ADS”) at a price of $16.00 per ADS. Then, on March 26, 2021, Cloopen released its financial results for the fourth quarter of 2020…
The full story can be found on Benzinga.com
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