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Jiang v. BlueCity Holdings Limited et al
Case Number:
1:21-cv-04044
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 23, 2023
Chinese LGBTQ App Co. Beats Suit Over Post-IPO Risks
A New York federal judge threw out a proposed investor class action alleging the operator of China's largest LGBTQ dating app overstated its business and financial prospects in its initial public offering documents, finding the company painted an accurate picture of the risks of catering to the LGBTQ market in China.
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July 20, 2021
Chinese LGBTQ App Co. Hit With Suit Over Share Price Drops
The operator of China's largest LGBTQ dating app has been hit with a proposed investor class action alleging that its initial public offering documents overstated its business and financial prospects and omitted that it was unprepared to absorb the costs of becoming publicly traded, leading to stock drops.