Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Full Truck Alliance Co. Ltd.
NEW YORK, NY / ACCESSWIRE / July 26, 2021 / Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit filed on behalf of investors who purchased the securities of Full Truck Alliance Co. Ltd. bought or acquired. (“FTA” or the “Company”) (NYSE: YMM) from June 23, 2021 to July 5, 2021 (the “Class Period”). The lawsuit filed in the US District Court for the Eastern District of New York alleges violations of the Securities Act of 1933.
if you Have purchased FTA securities and / or wish to discuss your legal rights and options Please visit the FTA shareholder class action or contact Noah Wiesner toll-free at (877) 779-1414 or firstname.lastname@example.org
The complaint alleges that the information provided in the Company’s registration statement dated June 23, 2021 (the “Registration Statement”) was materially false and / or misleading because it contained the following adverse facts relating to its business, operational and financial Misrepresented and failed to disclose aspects of the company: Results known to or negligently disregarded by the defendants. In particular, the registration statement contained false and / or misleading information and / or failed to include the following information: (i) the FTA apps Yunmanman and Huochebang would be subject to an imminent cybersecurity review by the Cyberspace Administration of China (the “CAC”); (ii) the CAC would ask the FTA to suspend registration of new users; (iii) the free trade area must conduct a “comprehensive self-assessment of all cybersecurity risks”; (iv) the free trade area must “further improve its cybersecurity systems and technological capabilities”; and (v) as a result, Defendants’ public statements were, at all relevant times, materially false, misleading and negligent.
On July 5, 2021, the company issued a press release entitled “Full Truck Alliance Announces Cybersecurity Review in China,” which in a relevant part announced that China’s Cybersecurity Review Office (“CRO”) was “conducting a cybersecurity review by Yunmanman -Apps launched by FTA and Huochebang apps. To facilitate the review and prevent the escalation of potential risks, these mobile apps must suspend new user registrations in China during the review period. “
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In light of the news, the FTA’s American Depositary Shares (“ADSs”) fell $ 1.27 per ADS, or over 6%, to close at $ 17.75 per ADS on July 6, 2021, the next trading day, appealing to investors Did harm.
If you want to serve as the lead plaintiff, you must call the court no later than September 10, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in the conduct of 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 purchased FTA securities and / or wish to discuss your legal rights and options please visit https://www.bernlieb.com/cases/fulltruckalliance-ymm-shareholder-class-action-lawsuit-fraud-stock-413/apply/ or contact Noah Wiesner free of charge at (877) 779-1414 or email@example.com
Since 1993, Bernstein Liebhard LLP has recovered over $ 3.5 billion for its clients. 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.
LAWYER ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this complaint in the Connecticut state is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.
Bernstein Liebhard LLP
SOURCE: Bernstein Liebhard LLP
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