Stocks

Investors in VNET Group, Inc. Urged to Contact The Schall Law Firm over Significant Losses

Published January 28, 2024

Investors who have accumulated losses exceeding $100,000 in VNET Group, Inc. shares are being called to action by The Schall Law Firm. This national shareholder rights litigation firm is reaching out to shareholders who have been affected by potential securities violations by the company.

In the Wake of Alleged Securities Violations

The class action lawsuit cites allegations against VNET Group, Inc. for purported violations of sections 10(b) and 20(a) of the Securities Act. These sections address fraudulent activities related to the purchase or sale of securities and the responsibilities of those who directly or indirectly control a person liable under any provision of securities laws respectively.

About VNET Group, Inc.

VNET Group, Inc., or 21Vianet Group, Inc., is an investment holding entity offering hosting and associated services. Its clientele spans Internet companies, various government entities, blue-chip corporations, and small to medium-sized businesses within the People's Republic of China. With its base of operations located in Beijing, VNET integrates into a substantial market in the Chinese economy, making its performance pivotal for numerous stakeholders.

Investment, Litigation, Rights