WORLDWIDE RECOGNIZED ROSEN LAW FIRM Encourages Investors in MINISO Group Holding Limited to Seek Advice Ahead of Important Deadline in Firm’s First Class Action Securities Lawsuit
NEW YORK, August 17, 2022 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of securities of MINISO Group Holding Limited (NYSE: MNSO) pursuant to the registration statement and/or traceable thereto and related prospectus (collectively, the “Registration Statement”) issued pursuant to the October 2020 initial public offering (the “IPO”). If you wish to act as lead plaintiff, you must move the Court not later than October 17, 2022.
SO WHAT: If you have purchased MINISO securities, you may be entitled to compensation without payment of fees or costs reimbursable through a contingent fee arrangement.
WHAT TO DO NEXT: To join the MINISO class action, go to https://rosenlegal.com/submit-form/?case_id=7814 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than October 17, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the registration statement contained false and/or misleading statements and/or failed to state that: (1) the defendants and other undisclosed related parties owned and controlled a significantly larger number of MINISO stores than previously indicated; (2) as a result, MINISO concealed its true costs; (3) the Company has not represented its true business model; (4) defendants, including the Company and its President, engaged in unusual and unclear planned transactions; (5) as a result of at least one of these transactions, the Company risks breaking contracts with the Chinese authorities; (6) the Company would imminently and drastically reduce its franchise fees; and (7) as a result of the foregoing, defendants’ statements regarding the Company’s business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the MINISO class action, go to https://rosenlegal.com/submit-form/?case_id=7814 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40e Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania