BENSALEM, Pa., Oct. 05, 2022 (GLOBE NEWSWIRE) — The law firm of Howard G. Smith is reminding investors that class action lawsuits have been filed on behalf of the shareholders of the following public companies. Investors have until the deadlines set out below to file a lead plaintiff filing.
Investors who experience losses on their investments are advised to contact the law firm of Howard G. Smith to discuss their legal rights in these class action lawsuits at 888-638-4847 or by email at [email protected].
Dingdong (Kaiman) Limited (NYSE: DDL)
Class period: June 2021 IPO
Deadline for lead plaintiff: October 24, 2022
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose the following: (1) Dingdong actively disregarded its food safety responsibilities and stated obligation to provide “fresh” food to customers, earned in the past, not met by supermarkets, traditional Chinese wet markets or traditional e-commerce platforms; (2) Dingdong’s quality control measures, so strongly touted in the Registration Statement, were in fact inadequate and exposed Dingdong to increased risk of regulatory and/or regulatory scrutiny and enforcement; and (3) 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.
Coupang, Inc. (NYSE: CPNG)
Class Period: IPO in March 2021
Deadline for lead plaintiff: October 25, 2022
The Complaint alleges that the Defendants provided false and/or misleading information and/or failed to disclose: (1) that Coupang engaged in improper anti-competitive practices with its suppliers and other third parties in violation of applicable regulations, including: (i) pressurize suppliers to increase the prices of Products on competing e-commerce platforms to ensure Coupang’s prices are more competitive; (ii) forcing suppliers to …
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