The Complaint alleges that 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.
Kanzhun Limited Bz Securities Litigation
Jul 15, 2021 | Kanzhun Limited NASDAQ: BZ | Case Status: Filed
Filing Deadline: September 10, 2021
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First Identified Complaint
Keyla D. Bell, et al. v. Kanzhun Limited, et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint for Violations of the Federal Securities Laws||July 12th, 2021|
|2||U.S. District Court Civil Docket||July 12th, 2021|