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PDD Holdings Inc. Announcement: If You Have Suffered Losses in PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
PDDPDD(US:PDD) Prnewswireยท2024-08-10 01:00

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of PDD Holdings Inc. due to allegations of materially misleading business information being issued to the public [1] Group 1: Legal Actions and Allegations - Arkansas Attorney General Tim Griffin has filed a lawsuit against PDD Holdings Inc. and WhaleCo Inc. for violations of the Arkansas Deceptive Trade Practices Act and the Arkansas Personal Information Protection Act, claiming that Temu, an e-commerce platform, functions as malware and spyware [2] - Following the announcement of the lawsuit, PDD's American Depositary Receipts fell by 1.3% on June 26, 2024, and 4.6% on June 27, 2024 [2] Group 2: Class Action Information - Investors who purchased PDD securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [1] - Interested parties can join the prospective class action by visiting the provided link or contacting the Rosen Law Firm directly [1] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]