Johnson Fistel, LLP Announces That It Has Filed a Class Action Lawsuit on Behalf of Cloopen Group Holding Limited Investors Alleging Violations of the Federal Securities Laws
SAN DIEGO, CA (STL.News) Shareholder rights law firm Johnson Fistel, LLP announces that it has filed a class-action lawsuit on behalf of a class of all persons who: (a) purchased or otherwise acquired Cloopen Group Holding Limited (NYSE: RAAS) (“Cloopen” or the “Company”) American Depositary Shares (“ADSs”) pursuant or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s February 2021 initial public offering (the “IPO”); or (b) purchased or otherwise acquired Cloopen securities between February 9, 2021, and May 10, 2021, inclusive (the “Class”). The action was filed in the United States District Court for the Southern District of New York and is captioned Dong v. Cloopen Group Holding Limited et al., No. 1:21-cv-10610. CLICK to JOIN
How to Join
The Private Securities Litigation Reform Act permits any investor who is a member of the Class described above to seek appointment as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.