Core Points - Rosen Law Firm is reminding purchasers of American Depositary Shares of PDD Holdings Inc. (formerly Pinduoduo Inc.) about the October 15, 2024 lead plaintiff deadline in a securities class action lawsuit [1][2] - The lawsuit alleges that PDD Holdings made materially false and misleading statements regarding its applications containing malware and the sale of goods made by forced labor [3] Group 1 - The class period for the lawsuit is defined as between April 30, 2021, and September 12, 2024, inclusive [1] - Investors who purchased PDD Holdings securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] - The lawsuit claims that the defendants' statements about PDD Holdings' business operations and prospects were materially false and misleading [3] Group 2 - To join the class action, interested parties can visit the provided link or contact the law firm directly [2][4] - A lead plaintiff must file a motion with the court by October 15, 2024, to represent other class members in the litigation [2] - The lawsuit highlights that PDD Holdings has no meaningful system to prevent the sale of goods made by forced labor and has sold banned products on its Temu platform [3]
PDD Investors Have Opportunity to Lead PDD Holdings Inc. f/k/a Pinduoduo Inc. Securities Fraud Lawsuit First Filed by The Rosen Law Firm