ZBIO LAWSUIT ALERT: Levi & Korsinsky Notifies Zenas BioPharma, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Zenas BioPharma, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased or otherwise acquired Zenas BioPharma securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Zenas BioPharma's September 2024 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/zenas-biopharma-inc-lawsuit-submission-form?prid=151728&wire=4
ZBIO investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Zenas BioPharma materially overstated the amount of time that it would be able to fund its operations using existing cash and expected net proceeds from the IPO; and (2) as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared.
WHAT'S NEXT? If you suffered a loss in Zenas BioPharma, Inc. during the relevant time frame, you have until June 16, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004jlevi@levikorsinsky.comTel: (212) 363-7500Fax: (212) 363-7171www.zlk.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Asian markets mixed as Trump warns tariff letters to be sent soon
HONG KONG: Asian investors trod cautiously on Friday (July 4) as Donald Trump's deadline to avert his steep tariffs approached, with the US president saying he planned to start sending letters informing trading partners of their rates. Uncertainty leading up to next week's cut-off tempered the positive lead from another record on Wall Street, where a forecast-busting US jobs report soothed worries about the world's top economy. Governments around the world have fought to hammer out deals with Washington ahead of the July 9 deadline, set after Trump unveiled a blitz of levies on his "Liberation Day" in early April. He and his top officials have said several were in the pipeline, but only Britain and Vietnam have signed pacts while China has agreed to a framework for it and the United States to slash tit-for-tat tolls and ship certain products. While negotiators continue to seek ways to avert the worst of the White House's measures, Trump warned Thursday he would soon be issuing his messages to capitals. "My inclination is to send a letter out and say what tariff they're going to be paying," he told reporters. "It's just much easier." He added: "We're going to be sending some letters out, starting probably tomorrow, maybe ten a day to various countries saying what they're going to pay to do business with the US." The prospect that trading partners from Japan and South Korea to India and Taiwan could be hit with stiff tariffs fuelled fresh worries about the global economy. Tokyo edged up with Shanghai, Sydney, Wellington and Jakarta but Hong Kong, Seoul, Singapore, Taipei and Manila fell. Traders were unable to pick up the baton from their New York colleagues, who sent the S&P 500 and Nasdaq to more record closes ahead of the Independence Day break. Those gains followed data showing the US economy topped expectations to add 147,000 jobs in June while unemployment dipped to 4.1 per cent from 4.2 per cent, which was also better than estimated. The reading was taken as a sign the labour market remained in rude health despite warnings about the impact of Trump's tariffs. It also dented hopes that the Federal Reserve will cut interest rates at its next meeting this month, with bets now on two reductions before the end of the year - the first likely in September. However, analysts suggested that all was not what it seemed, pointing to softness in the private sector. "We think that private-sector hiring has stalled, and we may see sporadic layoffs in some industries in the coming months," warned analysts at MUFG. "Despite the unemployment rate having fallen... the flow of potential workers that remained out of the labour force rose sharply in June (and over 750,000 have dropped out of the labor force over the past two months), further highlighting the weak hiring environment. "We continue to view labour demand as being fundamentally weak relative to the past several years." The passage of Trump's "Big, Beautiful Bill" also left investors in a quandary as they weighed the extension of huge tax and spending cuts with forecasts that it will add around US$3 trillion to the already ballooning national debt. Still, it included a US$5 trillion increase in the debt limit, removing the risk the country could default on its bond payments. - AFP
New Straits Times
9 hours ago
- New Straits Times
Financials, tech stocks nudge Aussie shares near record high
SYDNEY: Australian shares moved closer to a record high on Friday, boosted by technology and financial stocks ahead of an expected interest rate cut by the local central bank next week, though losses in commodity stocks capped gains. The S&P/ASX 200 index rose 0.2 per cent to 8,611.50 points by 0047 GMT, just 27.6 points shy of the record high hit on June 11. The benchmark has gained more than 1 per cent so far this week and is headed for its best week since mid-May. The Reserve Bank of Australia (RBA) is expected to cut rates on Tuesday, a Reuters poll of economists showed. Markets and economists had earlier forecast three RBA rate cuts this year but raised their projections to four in May and now to five, as inflation eased faster than expected and the growth outlook weakened. While lower borrowing costs typically pressure bank margins, they could support the broader economy by spurring growth and potentially drive up both loan demand and volumes. Financials rose 0.4 per cent, recovering from a more than 1 per cent drop on Thursday. National Australia Bank and Westpac rose 0.2 per cent and 0.4 per cent, respectively. Rate-sensitive real estate stocks climbed as much as 1 per cent to a three-week high. Scentre Group and Goodman Group gained more than 1 per cent each. Technology stocks added 1.4 per cent, taking cues from the S&P 500 and Nasdaq, which notched record closes overnight. Shares of Xero advanced 0.9 per cent. Bucking the trend, heavyweight miners lost 1.3 per cent after rising more than 3 per cent on Thursday. BHP Group and Rio Tinto shed 2 per cent and 2.3 per cent, respectively. Gold stocks eased 0.2 per cent after bullion prices declined 1 per cent overnight. Oil stocks followed suit, dropping 0.2 per cent. New Zealand's benchmark S&P/NZX 50 index added 0.5 per cent to 12,770.55 points.
Malaysian Reserve
14 hours ago
- Malaysian Reserve
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger: TASK, VIGL, STRM, and CHTR
NEW YORK, July 3, 2025 /PRNewswire/ — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the 'M&A Class Action Firm'), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating TaskUs, Inc. (NASDAQ: TASK), relating to the proposed merger with an affiliate of Blackstone. Under the terms of the agreement, the affiliate will acquire 100% of the outstanding shares of Class A common stock they do not already own for $16.50 per share. Click here for more information It is free and there is no cost or obligation to you. Vigil Neuroscience, Inc. (NASDAQ: VIGL), relating to the proposed Merger with Sanofi ( pursuant to which Sanofi will acquire Vigil for an upfront payment of $8.00 per share of common stock in cash. Vigil shareholders will also receive a non-tradeable contingent value right entitling the holder to potentially receive an additional $2.00 per share in cash payable following the first commercial sale of VG-3927 if achieved within a specific period. The total equity value of the transaction, including the potential CVR payment, represents approximately $600 million on a fully diluted basis. ACT NOW. The Shareholder Vote is scheduled for August 4, 2025. Click here for more information It is free and there is no cost or obligation to you. Streamline Health Solutions, Inc. (NASDAQ: STRM) relating to its sale to MDaudit for $5.34 per share. Click here for more information It is free and there is no cost or obligation to you. Charter Communications, Inc. (NASDAQ: CHTR), relating to the proposed merger with Cox Communications. Under the terms of the agreement, Cox Enterprises will own approximately 23% of the combined entity's fully diluted shares outstanding. ACT NOW. The Shareholder Vote is scheduled for July 31, 2025. Click here for more information It is free and there is no cost or obligation to you. NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask: Do you file class actions and go to Court? When was the last time you recovered money for shareholders? What cases did you recover money in and how much? About Monteverde & Associates PC Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@ or by telephone at (212) 971-1341. Contact:Juan Monteverde, & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4740New York, NY 10118United States of Americajmonteverde@ (212) 971-1341 Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC ( Prior results do not guarantee a similar outcome with respect to any future matter.
