Pomerantz Appointed Lead Counsel in Zhangmen Education Securities Litigation

On February 11, 2022, U.S. District Judge J. Paul Oetken of the Southern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Yanhong Chen, the Lead Plaintiff in Bannerjee v. Zhangmen Education Inc., 21-cv-9634 (S.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Zhangmen Education Inc.’s Offering Documents for its June 2017 IPO failed to disclose known risks of impending new regulatory reforms in China that were reasonably likely to have a material adverse effect on the Company's business and financial performance. Zhangmen is an online education platform…