PDD Holdings Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
This legal action seeks to obtain compensation from the Defendants for alleged breaches of federal securities laws on behalf of individuals and entities that purchased or otherwise acquired PDD securities between April 30, 2021, and June 25, 2024 (the “Class Period”). If you are one of these investors, you are encouraged to get involved by visiting our website at bgandg.com/PDD.
The complaint alleges that during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose crucial information, including: (1) PDD Holdings’ applications contained malware designed to collect user data without consent, including private text messages; (2) PDD Holdings lacked an effective system to prevent the sale of goods produced with forced labor on its platform, and openly sold prohibited products on its Temu platform; (3) these issues increased PDD Holdings’ risk of legal and political scrutiny; and (4) as a result, the Defendants’ statements about the company’s business, operations, and future prospects were materially false and misleading or lacked a reasonable basis. The lawsuit claims that investors incurred losses when the true information became public.
A class action lawsuit has been initiated. To review a copy of the Complaint, please visit our website at bgandg.com/PDD or contact Peretz Bronstein, Esq., or his Client Relations Manager, Nathan Miller, at Bronstein, Gewirtz & Grossman, LLC by calling 332-239-2660. If you experienced a financial loss due to PDD, you have until October 15, 2024, to request to be appointed as the lead plaintiff. However, you do not need to be the lead plaintiff to be eligible for any potential recovery.
