NEW
YORK, Jan. 26, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of VNET Group, Inc..
Shareholders who purchased shares of VNET during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/vnet-group-inc-loss-submission-form/?id=64788&from=4
CLASS PERIOD: April 8, 2022
to February 15, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) GenTao,
which is owned by VNET, was experiencing financial difficulties and
was at risk of defaulting on the facility agreement that VNET's
co-founder, Josh Sheng Chen had
entered into with Bold Ally; (2) as a result, there was a
substantial likelihood that Bold Ally would acquire Sheng Chen's significant ownership stake in
VNET; (3) to restore Sheng Chen's
voting interest in VNET, the Company would issue newly created
shares to Sheng Chen, diluting
investors' interest; (4) as a result of the foregoing, defendants'
positive statements about the Company's business, operations, and
prospects were materially misleading and/or lacked a reasonable
basis.
DEADLINE: February 26, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/vnet-group-inc-loss-submission-form/?id=64788&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of VNET during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 26, 2024. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm