Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against DiDi Global, Inc.
NEW YORK, August 13, 2021 / PRNewswire / – Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline to file lead plaintiffs in a securities class action filed on behalf of investors who bought or acquired the securities of DiDi Global, Inc. (“DiDi Global” or the “Company”) (NYSE: DIDI) of June 30, 2021 through July 21, 2021 (the “Class Period”). The lawsuit filed in The United States District Court for the central district of California alleges violations of the Securities Act of 1933 and the Exchange Act of 1934.
Bernstein Liebhard LLP. (PRNewsFoto / Bernstein Liebhard LLP) (PRNewsfoto / Bernstein Liebhard LLP)
If you have purchased DiDi Global securities and / or would like to discuss your legal rights and options, please visit the DiDi Global Shareholder Class Action or contact Rujul Patel toll free at (877) 779-1414 or email@example.com
The complaint alleges that throughout the class action period, the defendant’s registration statement contained false and / or misleading information and / or failed to disclose: People’s Republic of China to gather; “(2) DiDi’s app, DiDi Chuxing (Travel), would face an upcoming cybersecurity review by the Cyberspace Administration of China (“CAC”); (3) the CAC would require all Chinese app stores to remove DiDi Chuxing; and (4) as a result, Defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and / or were unfounded at all relevant times. on July 2, 2021DiDi Global released a press release stating that Chinese authorities had asked the company to stop registering new users while the company was under investigation. on 4th July 2021, the DiDi Global app has been removed by the Chinese authorities.
on July 5, 2021, The Wall Street Journal published an article reporting that [w]Weeks before DiDi Global Inc.  went public in the USA, China Cybersecurity Watchdog suggested the Chinese ride-hailing giant postpone its IPO and asked it to do a thorough self-assessment of its network security[.]”
The story goes on
On this news, the DiDi Global share price fell $ 3.04 per share, almost 20%, at the end $ 12.49 per share July 6, 2021.
on 22nd of July, Bloomberg published an article ahead of hours, entitled “China Weights Unprecedented Penalty for DiDi Following US IPO,” which reported that “Chinese regulators have imposed severe, perhaps unprecedented, penalties on DiDi Global following the controversial IPO last month Inc. are considering[.]”
On this news, the company’s ADS price fell $ 3.44 per ADS, almost 30%, over the next two trading days to the end $ 8.06 per ADS July 23, 2021which is causing further harm to investors.
If you want to appear as the lead plaintiff, you have to go to court no later than September 7, 2021. A lead plaintiff is a representative party who acts on behalf of other group members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you do nothing, you can remain an absent class member.
If you have acquired securities from DiDi Global and / or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/didiglobalinc-didi-shareholder-class-action-lawsuit-fraud-stock- 409 / apply / or contact Rujul Patel toll-free at (877) 7791414 or firstname.lastname@example.org
Bernstein Liebhard LLP has been recovering since 1993 $ 3.5 billion for its customers. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to monitor their assets and litigate on their behalf. As a result of its success in hundreds of lawsuits and class actions, the firm has been included on the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and on The Legal 500 for ten consecutive years.
ADVERTISING LAWYER. © 2021 Bernstein Liebhard LLP. The firm responsible for this ad is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this report im State of Connecticut is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.
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