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

Core Viewpoint - PDD Holdings Inc., formerly known as Pinduoduo Inc., is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business practices and the safety of its applications [1][2]. Allegations - The lawsuit claims that PDD's applications contained malware designed to obtain user data without consent, including access to private text messages [1]. - It is alleged that PDD lacks a meaningful system to prevent the sale of goods made by forced labor on its platform and has sold banned products on its Temu platform [1]. - The aforementioned issues have subjected the company to increased legal and political scrutiny, leading to misleading statements about its business operations and prospects [1]. Class Action Details - The class period for the lawsuit is from April 30, 2021, to September 12, 2024, and shareholders who purchased shares during this time are encouraged to register for participation [1][2]. - The deadline for shareholders to seek lead plaintiff status is October 15, 2024, and there is no cost or obligation to participate in the case [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].