PDD Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against PDD Holdings Inc. f/k/a Pinduoduo Inc. (PDD)

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 [1][2]. Group 1: Allegations Against PDD Holdings Inc. - The lawsuit 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]. Group 2: Legal Process for Investors - Investors in PDD have until October 15, 2024, to seek appointment as lead plaintiff in the class action, which involves directing the litigation on behalf of all class members [3]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and who are representative of the class [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: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5]. - The firm encourages PDD investors who have suffered significant losses to contact them for more information regarding the lawsuit [4].