LOS ANGELES, Sept. 27, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.

Investors who experience losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].

your incl (NYSE: YOURS)
Class Period: March 15, 2021 – August 9, 2022
Deadline for lead plaintiff: October 11, 2022

The complaint filed in this class action alleges that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors: (1) that a significant portion of Tuya’s China-based customers engaged in the widespread and systematic manipulation of reviews and product listings in violation of Amazon.com’s Terms of Service; (2) that prior to the IPO, a consumer investigation and data breach had uncovered an illegal system of fake reviews, carried out by many of Tuya’s customers, among others, which included disclosing 13 million records of organized fake reviews related to over 200,000 fraud Amazon account profiles; (3) that as a result of the foregoing, there was a significant risk that a substantial portion of Tuya’s significant customers would be excluded from using the Amazon.com platform, adversely affecting Tuya’s business, sales, revenues and prospects impacted and (4) as a result, the defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacking a reasonable basis at all relevant times.

If you are a Tuya shareholder who has suffered a loss, click here take part.

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