SAN FRANCISCO–(BUSINESS WIRE)–National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends Dingdong (Cayman) Ltd. (�Dingdong) (NYSE: DDL) investors who suffered losses in connection with Dingdongs June 2021 Initial Public Offering (IPO) contact our attorneys immediately regarding pending securities class action against Dingdong. The deadline to apply to be a lead plaintiff is October 24, 2022.
Class Definition: Investors in Dingdongs June 2021 IPO
Lead Plaintiff Motion Deadline: October 24, 2022
For more information: https://www.lieffcabraser.com/securities/Dingdong/
Contact Lieff Cabraser: Email investorinfo@lchb.com or call 1-800-541-7358
The securities class action alleges that Dingdong, a grocery e-commerce company, misrepresented and omitted facts related to its commitment to the safety and quality of the groceries it delivers.
On March 17, 2022, Beijing News published a report revealing that Chinese regulators were investigating Dingdong for food safety violations uncovered by local news outlets. On this news, the price of Dingdongs American Depository Shares (ADS) fell $0.46, or 10.82%, from a closing price of $4.25 per ADS on March 16, 2022, to close at $3.79 per share on March 17, 2022, well below its IPO offering price of $23.50.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a Plaintiffs Powerhouse by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $124 billion in verdicts and settlements. Lieff Cabraser is committed to ensuring access to justice for all.
Contacts
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com
QBA 2024 Announces 35 Finalists Competing for Hong Kong's Highest Honour in the Building Industry…
SINGAPORE - Media OutReach Newswire - 17 May 2024 - UXLINK, the Web3 social platform…
DUBLIN--(BUSINESS WIRE)--The "Australia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to…
Three-part podcast interview features The mechanism of action of ANKTIVA® activating NK cells, Killer T…
EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)--$WIPRO #AIprinciples--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO),…
THOMASVILLE, Ga.--(BUSINESS WIRE)--Cleaver-Brooks announces that it has been acquired by Miura Co., Ltd., a leading…
