{"id":514244,"date":"2021-07-16T19:03:17","date_gmt":"2021-07-16T23:03:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/"},"modified":"2021-07-16T19:03:17","modified_gmt":"2021-07-16T23:03:17","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe law firm of Kirby McInerney LLP<\/a> reminds investors of the upcoming September 7, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired DiDi Global Inc. (\u201cDiDi\u201d or the \u201cCompany\u201d) (NYSE: DIDI<\/a>): (a) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) pursuant and\/or traceable to the registration statement and prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with the Company\u2019s June 2021 initial public offering (\u201cIPO\u201d or the \u201cOffering\u201d); and\/or (b) securities between June 30, 2021 and July 2, 2021, inclusive (the \u201cClass Period\u201d).\n<\/p>\n

\nDiDi purports to be the world\u2019s largest mobility technology platform. The Company claims to be the \u201cgo-to brand in China for shared mobility,\u201d offering a range of services including ride hailing, taxi hailing, chauffeur, and hitch.\n<\/p>\n

\nOn or about June 30, 2021, DiDi sold about 316.8 million ADSs in its IPO for $14 per share, raising nearly $4.5 billion in new capital.\n<\/p>\n

\nOn July 2, 2021, the Cyberspace Administration of China (\u201cCAC\u201d) stated that it had launched an investigation into DiDi to protect national security and the public interest. It also reported that it had asked DiDi to stop new user registrations during the course of the investigation. On this news, the Company\u2019s ADS price declined by $0.87 per ADS, or approximately 5.3%, from $16.40 per ADS on July 1, 2021 to close at $15.53 per ADS on July 2, 2021.\n<\/p>\n

\nThen, on Sunday, July 4, 2021, DiDi reported that the CAC ordered smartphone app stores to stop offering the \u201cDiDi Chuxing\u201d app because it \u201ccollect[ed] personal information in violation of relevant PRC laws and regulations.\u201d Though users who previously downloaded the app could continue to use it, DiDi stated that \u201cthe app takedown may have an adverse impact on its revenue in China.\u201d\n<\/p>\n

\nOn July 5, 2021, The Wall Street Journal reported that the CAC had asked the Company as early as three months prior to the IPO to postpone the offering because of national security concerns and to \u201cconduct a thorough self-examination of its network security.\u201d On this news, the Company\u2019s ADS declined by $3.04 per ADS, or approximately 19.6%, from $15.53 per ADS on July 2, 2021, to close at $12.49 per ADS on July 6, 2021.\n<\/p>\n

\nThe lawsuit alleges that the Registration Statement was materially false and misleading and omitted to state material adverse facts. Throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that DiDi\u2019s apps did not comply with applicable laws and regulations governing privacy protection and the collection of personal information; (2) that, as a result, the Company was reasonably likely to incur scrutiny from the CAC; (3) that the CAC had already warned DiDi to delay its IPO to conduct a self-examination of its network security; (4) that, as a result of the foregoing, DiDi\u2019s apps were reasonably likely to be taken down from app stores in China, which would have an adverse effect on its financial results and operations; and (5) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.\n<\/p>\n

\nIf you purchased or otherwise acquired DiDi ADSs, have information, or would like to learn more about these claims, please contact Thomas W. Elrod<\/a> of Kirby McInerney LLP<\/a> at 212-371-6600, by email at investigations@kmllp.com<\/a>, or by filling out this contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.\n<\/p>\n

Kirby McInerney LLP<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website: http:\/\/www.kmllp.com<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210716005478\/en\/<\/a><\/span><\/p>\n

\nKirby McInerney LLP
\n
Thomas W. Elrod, Esq.
\n
212-371-6600
\n
https:\/\/www.kmllp.com
\n<\/a>
investigations@kmllp.com<\/a><\/p>\n

KEYWORDS:<\/b> China United States North America Asia Pacific New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors of the upcoming September 7, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired DiDi Global Inc. (\u201cDiDi\u201d or the \u201cCompany\u201d) (NYSE: DIDI): (a) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) pursuant and\/or traceable to the registration statement and prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with the Company\u2019s June 2021 initial public offering (\u201cIPO\u201d or the \u201cOffering\u201d); and\/or (b) securities between June 30, 2021 … <\/p>\n

Continue reading “INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514244","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors of the upcoming September 7, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired DiDi Global Inc. (\u201cDiDi\u201d or the \u201cCompany\u201d) (NYSE: DIDI): (a) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) pursuant and\/or traceable to the registration statement and prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with the Company\u2019s June 2021 initial public offering (\u201cIPO\u201d or the \u201cOffering\u201d); and\/or (b) securities between June 30, 2021 … Continue reading "INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-16T23:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210716005478r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021\",\"datePublished\":\"2021-07-16T23:03:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\\\/\"},\"wordCount\":760,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210716005478r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 - Market Newsdesk","og_description":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 NEW YORK–(BUSINESS WIRE)– The law firm of Kirby McInerney LLP reminds investors of the upcoming September 7, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired DiDi Global Inc. (\u201cDiDi\u201d or the \u201cCompany\u201d) (NYSE: DIDI): (a) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) pursuant and\/or traceable to the registration statement and prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with the Company\u2019s June 2021 initial public offering (\u201cIPO\u201d or the \u201cOffering\u201d); and\/or (b) securities between June 30, 2021 … Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-16T23:03:17+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210716005478r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021","datePublished":"2021-07-16T23:03:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/"},"wordCount":760,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210716005478r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-didi-global-inc-and-encourages-investors-to-contact-the-firm-before-september-7-2021\/","name":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. and Encourages Investors to Contact the Firm Before September 7, 2021 - 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