VNET Group, Inc.

VNET

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Lead Plaintiff Deadline:
February 26, 2024

Days Left:
-1

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VNET Group, Inc. Form












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Allegations

The filed complaint alleges that defendants made false statements and/or concealed 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.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of VNET purchased or acquired during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in VNET during the relevant time frame, you have until February 26, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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