ROSEN, A GLOBAL LAW FIRM, REMINDS VNET GROUP, INC. INVESTORS OF IMPORTANT DEADLINE IN THE SECURITIES CLASS ACTION

21Vianet Group, Inc. VNET, a prominent investment holding company providing hosting and related services, is facing a securities class action. The Rosen Law Firm, an internationally recognized authority on investor rights, is issuing a reminder to those who bought VNET securities between April 8, 2022, and February 15, 2023. Affected investors are encouraged to secure legal counsel before the upcoming February 26, 2024 deadline for the class action lawsuit.

Background of VNET Group, Inc. Operations

Headquartered in Beijing, Peoples Republic of China, VNET caters to a diverse clientele that includes Internet companies, government entities, reputable blue-chip companies, and small to medium-sized enterprises. The company has established itself as a key player in China's rapidly evolving internet infrastructure sector.

Details of the Class Action Against VNET Group, Inc.

This class action lawsuit stems from allegations that VNET may have issued materially misleading business information to the investing public during the defined class period. Rosen Law Firm seeks to recover damages for VNET investors under federal securities laws. Potential class members are urged to contact the firm to join the class action before the deadline.

Importance of Prompt Legal Action

Investors in VNET who suffered losses during the specified period should be aware of the significance of the deadline. The February 26, 2024 cut-off marks the last date by which a lead plaintiff can be appointed. A lead plaintiff acts on behalf of all other class members in directing the litigation process. The Rosen Law Firm emphasizes that affected investors do not need to seek a lead plaintiff role in order to share in any recovery.

reminder, deadline, litigation