Kanzhun Limited

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Case Summary
Company Name: Kanzhun Limited
Stock Symbol : NASDAQ: BZ
Class Period Start: 06/11/2021
Class Period End: 07/02/2021
Lead Plaintiff motion: 09/10/2021
Date Filed: 07/12/2021
Type of Case: Securities Class Action
Court: U.S. District Court for the District of New Jersey
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 18, 2021.lead plaintiff deadline in a class action lawsuit filed against Kanzhun Limited (NASDAQ: BZ) (Kanzhun Limited or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Kanzhun Limited securities between June 11, 2021 and July 2, 2021 (“Class Period”), have until September 10, 202. to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

 

Kanzhun Limited operates an online recruitment platform, BOSS Zhipin, which is a mobile-native product that promotes instant direct chats between employers and job seekers, delivers matching results, and is powered by proprietary artificial intelligence (“AI”) algorithms and big data insights.

 

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Kanzhun would face an imminent cybersecurity review by the Cyberspace Administration of China (the “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. When the true details entered the market, the lawsuit claims that investors suffered damages.

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