Pomerantz Appointed Lead Counsel in BlueCity Holdings Securities Litigation

On October 12, 2021, Justice Andrew Borrok of the Supreme Court of the State of New York appointed Pomerantz LLP as Lead Counsel on behalf of the class in Lorenzo, Michael James vs. BlueCity Holdings Limited, No. 652894/2021 (N.Y. Sup Ct.), a securities action brought on behalf of defrauded investors concerning alleged misstatements and misrepresentations made by BlueCity Holdings Limited in the Offering Documents for its July 2020 IPO. BlueCity is an online platform for the LGBTQ community, operating primarily in China, India, Korea, Thailand and Vietnam.