PDD Holdings Inc., formerly known as Pinduoduo Inc. (PDD) – Investigation:

NEW YORK, July 21, 2024 (GLOBE NEWSWIRE) — Attorney Advertising – Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of PDD Holdings Inc., formerly known as Pinduoduo Inc. (“PDD” or “the Company”) (NASDAQ: PDD). Investors who purchased PDD securities are encouraged to obtain additional information and assist in the investigation by visiting the Company’s website: bgandg.com/PDD.

Examination details

On June 25, 2024, Arkansas Attorney General Tim Griffin announced a lawsuit against the online marketplace Temu, owned and operated by PDD, alleging violations of Arkansas’ Personal Information Protection Act. Attorney General Griffin described Temu as “functional malware and spyware… purposefully designed to gain unrestricted access to a user’s phone operating system” in order to “monetize unauthorized data collection.” Following this news, the price of PDD’s American Depositary Receipt (“ADR”) fell $8.06 per ADR, or 5.77%, over the following two trading sessions, closing at $131.94 per ADR on June 27, 2024.

What’s next?

If you are aware of facts relating to this investigation or the purchase of PDD securities, you may assist this investigation by visiting the firm’s website: bgandg.com/PDD. You may also contact Peretz Bronstein or his account manager, Nathan Miller of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There are no costs for you

We represent investors in class action lawsuits on a contingency basis, meaning we only ask the court to reimburse us for our expenses and attorneys’ fees (typically a percentage of the total award) if we win.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm representing investors in securities fraud class action lawsuits and shareholder actions involving derivatives trading. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Past results do not guarantee similar results.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]