NEW
YORK, Oct. 19, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Dingdong
(Cayman) Ltd..
Shareholders who purchased shares of DDL during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/dingdong-cayman-ltd-loss-form/?id=32647&from=4
CLASS PERIOD: This lawsuit is on behalf of persons who
purchased, or otherwise acquired, Dingdong American Depository
Shares pursuant or traceable to the F-1 registration statements and
related prospectus on Form 424B4 issued in connection with
Dingdong's June 2021 initial public
stock offering.
ALLEGATIONS: According to the filed complaint, the
registration statement and prospectus used to effectuate the
Company's initial public offering misstated and/or omitted facts
concerning Dingdong's so-called commitment to ensuring the safety
and quality of the food it distributes to the market. For example,
despite claiming that it applies "stringent quality control across
[its] entire supply chain to ensure product quality to [its]
users," Dingdong sold food past its sell-by date. Consequently,
Dingdong was, in fact, no better at providing or assuring access to
"fresh" groceries than the supermarkets, traditional Chinese wet
markets, or traditional e-commerce platforms it repeatedly claimed
to be displacing. Moreover, the foregoing conduct subjected
Dingdong to an increased risk of regulatory and/or governmental
scrutiny and enforcement, all of which, once revealed, were likely
to negatively impact Dingdong's business, operations, and
reputation.
DEADLINE: October 24, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/dingdong-cayman-ltd-loss-form/?id=32647&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of DDL during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is October 24, 2022. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm