Press release
Long-Term Investors who hold shares of PDD Holdings Inc. (NASDAQ: PDD) should contact the Shareholders Foundation in connection with Investigation
An investigation on behalf of current long term investors in PDD Holdings Inc. (NASDAQ: PDD) shares.
Investors who are current long term investors in PDD Holdings Inc. (NASDAQ: PDD) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PDD stocks follows a lawsuit filed against PDD Holdings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PDD stocks, concerns whether certain PDD Holdings Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose, among other things, that PDD Holdings' applications contained malware, which was designed to obtain user data without the user's consent, including reading private text messages, that PDD Holdings has no meaningful system to prevent goods made by forced labor from being sold on its platform, and has openly sold banned products on its Temu platform, that the foregoing subjected PDD Holdings to a heightened risk of legal and political scrutiny, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of PDD Holdings Inc. (NASDAQ: PDD) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
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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