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SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Lizhi Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

·1 min read

LOS ANGELES, CA / ACCESSWIRE / November 20, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lizhi Inc. ("Lizhi" or "the Company") (NASDAQ:LIZI) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lizhi conducted its initial public offering ("IPO") on or around January 17, 2020. The Company issued 4.1 American depositary shares ("ADSs") at $11.00 per ADS. Since the IPO, Lizhi's ADS price has dropped sharply, closing at $2.77 per ADS on September 22, 2020, a drop of almost 75% since its IPO.

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, 1880 Century Park East, Suite 404, 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 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.
310-301-3335
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm



View source version on accesswire.com:
https://www.accesswire.com/617799/SHAREHOLDER-ACTION-NOTICE-The-Schall-Law-Firm-Announces-it-is-Investigating-Claims-Against-Lizhi-Inc-and-Encourages-Investors-with-Losses-of-100000-to-Contact-the-Firm