April 05, 2023
A New Jersey federal judge granted final approval Wednesday to a $2.25 million settlement between Chinese recruiting technology company Kanzhun Ltd. and a class of investors, resolving allegations that Kanzhun neglected to inform investors about an impending regulatory crackdown that would shut down its mobile recruiting app to new customers and send its stock plummeting when the news was made public.
November 08, 2022
An investor leading a proposed securities fraud class action against Chinese technology company Kanzhun Ltd. has asked a New Jersey federal court to give its initial OK for a $2.25 million settlement to proceed, saying the deal is a "highly favorable result."
July 12, 2021
Chinese technology company Kanzhun Ltd. was hit with a proposed class action Monday alleging it neglected to inform investors about an impending regulatory crackdown that would shut down its mobile recruiting app to new customers, a development that sent its stock plummeting when the news was made public.