The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 15, 2024 in PDD Lawsuit - PDD

Core Viewpoint - PDD Holdings Inc. is facing a class action lawsuit due to allegations of issuing false and misleading statements regarding its business practices, including issues related to malware in its applications and the sale of goods made by forced labor [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is from April 30, 2021, to June 25, 2024 [1]. - Allegations include that PDD's applications contained malware designed to obtain user data without consent, including reading private text messages [1]. - It is claimed 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 [1]. Group 2: Legal and Financial Implications - The allegations have subjected PDD to heightened legal and political scrutiny, which may impact its business operations and prospects [1]. - The lawsuit suggests that the defendants' statements about the company's business and operations were materially false and misleading, lacking a reasonable basis [1]. Group 3: Next Steps for Shareholders - Shareholders who purchased PDD shares during the class period are encouraged to register for the class action by October 15, 2024, to potentially become lead plaintiffs [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2].