Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Securities Fraud Class Action Lawsuit Filed Against DiDi Global Inc.
RADNOR, Pa., July 24, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP reminds DiDi Global Inc. (NYSE: DIDI) (“DiDi”) investors that securities lawsuits have been filed on behalf of those who bought or acquired DiDi: (a ) American Depositary Shares (“ADSs”) in accordance with and / or traceable to the Registration Declaration and Prospectus (together the “Registration Declaration”) issued in connection with DiDi’s June 2021 Initial Public Offering (“IPO”); and / or (b) securities between June 30, 2021 and July 2, 2021, including (the “Class Period”).
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Deadline of the main plaintiff: September 7, 2021
Contact: James Maro, Esq. (484) 270-1453
Toll Free (844) 887-9500
DiDi is a mobility technology platform that offers ride-hailing and other services in People’s Republic of China (“People’s Republic of China”), Brazil, Mexico, and internationally. DiDi is often referred to as “the Uber of.” designated China. “
The complaint alleges that the registration statement was essentially false and misleading and failed to state: (1) DiDi’s apps did not comply with applicable data protection and personal data collection laws and regulations; (2) As a result, it was quite likely that DiDi was subject to scrutiny by the cyberspace administration of China (“CAC”); (3) the CAC had warned DiDi to postpone its IPO in order to conduct a self-assessment of its network security; (4) based on the foregoing, it was quite likely that DiDi’s apps would be removed from app stores in the PRC, which would adversely affect its financial results and operations; and (5) as a result of the foregoing, Defendants’ positive statements about DiDi’s business, business and prospects were materially misleading and / or unfounded.
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DiDi investors can do so at the latest September 7, 2021, attempt to be appointed as lead class representative by Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. To be appointed as a lead plaintiff, the court must determine that the class plaintiff’s claim is typical of the claims of other class plaintiffs and that the class plaintiff is adequately representing the class action. Your ability to participate in a recovery will not be affected by whether or not you will be the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of state and federal laws. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and private investors The United States and all over the world. The firm represents investors, consumers and whistleblowers (individuals who report fraudulent practices to the government and participate in recovery of government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
Radnor, PA 19087
(844) 887-9500 (toll free)
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