RADNOR, Pa., Jan. 23, 2022 (GLOBE NEWSWIRE) — Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) to notify investors, for Cloopen Group Holding Limited (“Cloopen”) (NYSE:Russ). The lawsuit alleges Cloopen violated federal securities laws, including omissions and fraudulent misrepresentation about the company’s business, operations and prospects. Cloopen investors suffered significant losses as a result of Cloopen’s materially misleading representations to the public.
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click here arrive submit your CLOOP loss. You can also click the link below or copy and paste into your browser: https://www.ktmc.com/clopen-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=clopen
Lead Plaintiff Deadline: February 8, 2022
Class time: February 9, 2021 to May 10, 2021
Contact a lawyer to discuss your rights:
James Marrow, Esq. (484) 270-1453 or toll free (844) 887-9500 or email at [email protected]
Cloppen’s alleged misconduct
Cloopen provides cloud-based communications solutions that allow application programming interfaces and software development kits to embed messaging, voice calls, audio and video, instant messaging and other communications into an enterprise’s applications, services and/or business processes .
On February 9, 2021, Cloopen conducted an initial public offering (“IPO”) with the sale of 23 million American Depositary Shares (“ADS”) at a price of $16.00 per ADS. …