IMPORTANT: Lawsuit Updates for Major Companies
14 July 2024
Schall Law Firm Investigation
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit filed on behalf of purchasers of the securities of PDD Holdings Inc. (NASDAQ: PDD) for violations of the federal securities laws.
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that: PDD continuously provided misleading information to investors regarding the Company's growth prospects and financial performance. The Company provided false and misleading statements regarding its competitive positioning, customer growth and retention, active buyers and order volume growth trends, gross merchandise volume ("GMV"), and revenue growth rates.
If you are a shareholder who suffered a loss, click here to participate.
Rosen Law Firm Lawsuit Announcement
Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of PDD Holdings Inc. between May 26, 2021 and December 30, 2022, both dates inclusive (the "Class Period").
The lawsuit seeks to recover damages for PDD investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- PDD's revenues were in decline throughout 2022;
- PDD was experiencing reduced user growth and engagement;
- PDD was experiencing increased competition;
- PDD's margins were declining;
- As a result of the foregoing, PDD's financial results were less sustainable than defendants led investors to believe.
If you are a shareholder who suffered a loss, click here to participate.
Robbins Geller Rudman Dowd LLP Announces Investigation
Robbins Geller Rudman Dowd LLP announces that it is investigating claims on behalf of purchasers of the securities of PDD Holdings Inc. (NASDAQ: PDD) between May 26, 2021 and December 30, 2022, both dates inclusive (the "Class Period").
The investigation seeks to determine whether PDD Holdings Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934.
If you are a shareholder who suffered a loss, click here to participate.
Comments