SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Zhangmen Education Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Published: Nov. 26, 2021 at 8:34 AM AKST

LOS ANGELES, Nov. 26, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Zhangmen Education Inc. ("Zhangmen" or "the Company") (NYSE: ZME) for violations of the federal securities laws.

(PRNewsfoto/The Schall Law Firm)
(PRNewsfoto/The Schall Law Firm)

Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted on June 8, 2021 (the "IPO"), are encouraged to contact the firm before January 18, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Zhangmen was the subject of the Chinese government's largescale reform of the private education market which include prohibitions on profit-making and raising capital. The known risks and uncertainties were likely to have a material negative impact on the Company's future prospects. Based on these facts, the Company's public statements and IPO documents were false and materially misleading throughout the IPO period. When the market learned the truth about Zhangmen, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com 
Office: 310-301-3335
info@schallfirm.com

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SOURCE The Schall Law Firm

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