LOS ANGELES, CA / ACCESSWIRE / October 4, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Dingdong (Cayman) Limited ('Dingdong' or 'the Company') (NYSE:DDL) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted on June 28, 2021 (the 'IPO'), are encouraged to contact the firm before October 24, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Dingdong failed to live up to its own commitment to safety and quality of its products, such as its claim that it uses 'stringent quality control across [its] entire supply chain to ensure product quality to [its] users.' For example, the Company sold food past its sell-by date. Such business practices were likely to negatively impact the Company's reputation and operations. Based on these facts, the Company's public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Dingdong, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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