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Keyla D. Bell, et al. v. Kanzhun Limited Case

Claim deadline for this case already passed by, but we can still try and file for compensation for you
D. New Jersey
Court
11 Jun 2021
Class period Start
02 Jul 2021
Class period End
08 Feb 2023
Claim deadline
Kanzhun Limited (BZ) agreed to pay up to $2.25 million to settle a securities class action lawsuit to avoid further litigation.

The original complaint alleged that the Company and its Leaders made false and/or misleading statements and/or failed to disclose that:
  • Kanzhun would face an imminent cybersecurity review by the Cyberspace Administration of China;
  • The CAC would require Kanzhun to suspend new user registration on its BOSS Zhipin app;
  • Kanzhun needed to "conduct a comprehensive examination of cybersecurity risks";
  • Kanzhun needed to "enhance its cybersecurity awareness and technology capabilities";
  • 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Plaintiffs
Keyla D. Bell
Attorneys
The Rosen Law Firm, P.A. (Newark, NJ)
Judge
Hon. Kevin McNulty
Court hearing date
01 March 2023
+$2,250,000
Total Settlement Amount
Created by Stan Vick, Scout

Kanzhun Ltd ADR

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin b...

    Ticker
    BZ.US
    ISIN
    US48553T1060
    CIK
    1842827
    Sector
    Industrials
    Industry
    Staffing & Employment Services
    Country
    USA
    Address
    GrandyVic Building, Beijing, China, 100020