Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against PDD Holdings Inc. f/k/a Pinduoduo Inc.

Core Viewpoint - A securities class action lawsuit has been filed against PDD Holdings Inc. for allegedly making false and misleading statements regarding its business practices and the safety of its applications during the class period from April 30, 2021, to June 25, 2024 [1][2]. Group 1: Allegations Against PDD Holdings Inc. - The complaint alleges that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [2]. - It is claimed that PDD lacks a meaningful system to prevent the sale of goods made by forced labor on its platform and has sold banned products on its Temu platform [2]. - The allegations suggest that these issues have subjected PDD to increased legal and political scrutiny, rendering the company's statements about its business and prospects materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in PDD have until October 15, 2024, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest in the case [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions of dollars for victims of corporate misconduct [5]. - The firm encourages PDD investors who have suffered significant losses to contact them for more information [4].