Group 1 - The Gross Law Firm has issued a notice to shareholders of PDD Holdings Inc. regarding a class action lawsuit for shareholders who purchased shares during the class period from April 30, 2021, to June 25, 2024 [1] - Allegations against PDD include the presence of malware in its applications designed to obtain user data without consent, lack of systems to prevent forced labor goods from being sold, and the sale of banned products on its Temu platform [1] - The lawsuit claims that these issues subjected PDD to increased legal and political scrutiny, rendering the company's statements about its business and operations materially false and misleading [1] Group 2 - Shareholders are encouraged to register for the class action by the deadline of October 15, 2024, and will be enrolled in a portfolio monitoring software for updates on the case [2] - There is no cost or obligation for shareholders to participate in the case, and appointment as lead plaintiff is not required to partake in any recovery [2] - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to misleading statements or omissions by companies [3]
Shareholders that lost money on PDD Holdings Inc. f/k/a Pinduoduo Inc.(PDD) should contact The Gross Law Firm about pending Class Action - PDD