Class Action Reports

BLCT Class Action: Learn About the Bluecity Holdings Lawsuit

Levi & Korsinsky, LLP

July 23, 2021

Levi & Korsinsky, LLP announces that a BLCT class action lawsuit has been filed on behalf of investors who purchased Bluecity Holdings Holdings (BLCT) This lawsuit is on behalf of all persons and entities, other than Defendants, who purchased or otherwise acquired BlueCity American Depositary Shares pursuant and/or traceable to the Offering Documents issued in connection with the Company’s initial public offering conducted on or about July 8, 2020. For more on the BLCT Lawsuit please contact us today.  

According to the Bluecity Holdings lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Defendants had overstated BlueCity’s business and financial prospects; (2) the Company was ill-equipped to absorb the costs of becoming a publicly-traded company, including IPO- and growth-related costs; (3) as a result of all the foregoing, Defendants had misrepresented the Company’s capability for sustainable growth; and (4) as a result, the Offering Documents were materially false or misleading and/or failed to state information required to be stated therein.




If you suffered a loss in Bluecity Holdings you have until September 17, 2021, 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. 

Levi & korsinsky



Levi & Korsinsky, LLP 

Joseph E. Levi, Esq. 

55 Broadway, 10th Floor 

New York, NY 10006 

Tel: (212) 363-7500 

Fax: (212) 363-7171