VNET - NASDAQ: VNET INVESTOR ALERT: Berger Montague Advises VNET Group Inc. (NASDAQ: VNET) Investors of February 26 2024 Deadline | Benzinga

PHILADELPHIA, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC advises investors that a securities fraud class action lawsuit has been filed against VNET Group, Inc. ("VNET") (NASDAQ:VNET) on behalf of purchasers of VNET securities between April 8, 2022 and February 15, 2023, inclusive (the "Class Period").

Investors that suffered losses from VNET (NASDAQ:VNET) investments can follow the link below for more information regarding the lawsuit:

CLICK HERE to learn more about the lawsuit.

Investors who purchased or acquired VNET securities during the Class Period may, no later than February 26, 2024, seek to be appointed as a lead plaintiff representative of the class.  

The complaint alleges that throughout the Class Period, the defendants failed to disclose to investors that: (1) GenTao Capital Limited ("GenTao") was experiencing financial difficulties and was at risk of defaulting on a $50.25 million margin loan facility agreement where Josh Sheng Chen pledged all of his shares in GenTao and certain companies as collateral to Bold Ally (Cayman) ...

VNET) Investors of February 26, 2024 Deadline>Full story available on Benzinga.com