Press release
Deadline on May 16th coming up in Lawsuit for Investors in Grab Holdings Limited (NASDAQ: GRAB)
A Deadline is coming up on May 16, 2022 in the lawsuit for certain investors in Grab Holdings Limited (NASDAQ: GRAB).
Investors who purchased shares of Grab Holdings Limited (NASDAQ: GRAB) have certain options and there are strict and short deadlines running. Deadline: May 16, 2022. NASDAQ: GRAB stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Grab Holdings Limited (NASDAQ: GRAB) common shares between November 12, 2021 and March 3, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 12, 2021 and March 3, 2022, the Defendants failed to disclose to investors that Grab's driver supply declined during the third quarter, that, as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply", that, as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Grab Holdings Limited (NASDAQ: GRAB) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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