PDD Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against PDD Holdings Inc. f/k/a Pinduoduo Inc.

Core Points - A securities class action lawsuit has been filed against PDD Holdings Inc. for alleged misconduct during the Class Period from April 30, 2021, to June 25, 2024 [1] - The lead plaintiff deadline for investors to participate is October 15, 2024 [3] Allegations Against PDD - The complaint claims that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [2] - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [2] - These issues have reportedly subjected PDD to increased legal and political scrutiny, rendering the company's statements about its business and operations materially false and misleading [2] Lead Plaintiff Process - Investors can seek to be appointed as a lead plaintiff representative of the class by the deadline of October 15, 2024, or remain absent class members [3] - The lead plaintiff is typically the investor or group of investors with the largest financial interest and must be adequate and typical of the proposed class [3] Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5] - The firm encourages PDD investors who have suffered losses to contact them for more information [4]