Core Viewpoint - Rosen Law Firm is reminding investors who purchased PDD Holdings Inc. securities between April 30, 2021, and June 25, 2024, of the upcoming lead plaintiff deadline for a class action lawsuit set for October 15, 2024 [1][2] Group 1: Class Action Details - Investors who bought PDD Holdings securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the October 15, 2024 deadline [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3] Group 3: Case Allegations - The lawsuit alleges that PDD Holdings made materially false and misleading statements, including claims about malware in its applications, lack of systems to prevent forced labor goods on its platform, and exposure to legal scrutiny [4] - The allegations suggest that these issues led to significant damages for investors when the true details became public [4]
ROSEN, THE FIRST FILING FIRM, Encourages PDD Holdings Inc. f/k/a Pinduoduo Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – PDD