{"id":514591,"date":"2021-07-19T13:02:01","date_gmt":"2021-07-19T17:02:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ymm-alert-robbins-geller-rudman-dowd-llp-announces-opportunity-for-investors-with-substantial-losses-to-lead-the-full-truck-alliance-co-ltd-class-action-lawsuit\/"},"modified":"2021-07-19T13:02:01","modified_gmt":"2021-07-19T17:02:01","slug":"ymm-alert-robbins-geller-rudman-dowd-llp-announces-opportunity-for-investors-with-substantial-losses-to-lead-the-full-truck-alliance-co-ltd-class-action-lawsuit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ymm-alert-robbins-geller-rudman-dowd-llp-announces-opportunity-for-investors-with-substantial-losses-to-lead-the-full-truck-alliance-co-ltd-class-action-lawsuit\/","title":{"rendered":"YMM ALERT: Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors with Substantial Losses to Lead the Full Truck Alliance Co. Ltd. Class Action Lawsuit"},"content":{"rendered":"

<\/p>\n

YMM ALERT: Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors with Substantial Losses to Lead the Full Truck Alliance Co. Ltd. Class Action Lawsuit <\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–Robbins Geller Rudman & Dowd LLP<\/a><\/b> announces that purchasers of Full Truck Alliance Co. Ltd. (NYSE: YMM) securities pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with Full Truck Alliance\u2019s June 2021 initial public offering (\u201cIPO\u201d) have until September 10, 2021 to seek appointment as lead plaintiff in the Full Truck Alliance<\/i> class action lawsuit. The Full Truck Alliance<\/i> class action lawsuit charges Full Truck Alliance, certain of its top executives, and the underwriters of Full Truck Alliance\u2019s IPO with violations of the Securities Act of 1933. The Full Truck Alliance<\/i> class action lawsuit (Pratyush v. Full Truck Alliance Co. Ltd.<\/i>, No. 21-cv-03903) was commenced on July 12, 2021 in the Eastern District of New York and is assigned to Judge LaShann DeArcy Hall.\n<\/p>\n

If you suffered substantial losses and wish to serve as lead plaintiff of the Full Truck Alliance<\/i> class action lawsuit, please provide your information by clicking here<\/a>. You can also contact attorney J.C. Sanchez<\/a> of Robbins Geller by calling 800\/449-4900 or via e-mail at jsanchez@rgrdlaw.com<\/a>. Lead plaintiff motions for the Full Truck Alliance<\/i> class action lawsuit must be filed with the court no later than September 10, 2021.<\/b><\/p>\n

CASE ALLEGATIONS<\/b>: The Full Truck Alliance<\/i> class action lawsuit alleges that Full Truck Alliance\u2019s Registration Statement made false and\/or misleading statements and\/or failed to disclose that: (i) Full Truck Alliance\u2019s apps Yunmanman<\/i> and Huochebang<\/i> would face an imminent cybersecurity review by the Cyberspace Administration of China (\u201cCAC\u201d); (ii) the CAC would require Full Truck Alliance to suspend new user registration; (iii) Full Truck Alliance needed to conduct a \u201ccomprehensive self-examination of any cybersecurity risks\u201d; (iv) Full Truck Alliance needed to \u201ccontinue to improve its cybersecurity systems and technology capabilities\u201d; and (v) as a result, defendants\u2019 public statements were materially false and misleading at all relevant times and negligently prepared.\n<\/p>\n

\nOn July 5, 2021, Full Truck Alliance issued a press release entitled \u201cFull Truck Alliance Announces Cybersecurity Review in China\u201d which announced, in pertinent part, that \u201cpursuant to an announcement issued by the Cybersecurity Review Office (‘CRO’) of the [CAC] on July 5, 2021, CRO has initiated a cybersecurity review of [Full Truck Alliance]\u2019s Yunmanman<\/i> apps and Huochebang<\/i> apps. In order to facilitate the review and prevent the expansion of potential risks, these mobile apps are required to suspend new user registration in China during the review period.\u201d Full Truck Alliance further revealed that it was \u201cconducting a comprehensive self-examination of any potential cybersecurity risks and will continue to improve its cybersecurity systems and technology capabilities.\u201d On this news, the price of Full Truck Alliance\u2019s American Depository Shares fell more than 6%,\n<\/p>\n

THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Full Truck Alliance securities pursuant and\/or traceable to the Registration Statement issued in connection with Full Truck Alliance\u2019s IPO to seek appointment as lead plaintiff in the Full Truck Alliance<\/i> class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Full Truck Alliance<\/i> class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Full Truck Alliance<\/i> class action lawsuit. An investor\u2019s ability to share in any potential future recovery of the Full Truck Alliance<\/i> class action lawsuit is not dependent upon serving as lead plaintiff.\n<\/p>\n

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP<\/b>: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion \u2013 in In re Enron Corp. Sec. Litig<\/i>. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs\u2019 firm. Please visit https:\/\/www.rgrdlaw.com\/firm.html<\/a> for more information.\n<\/p>\n

\nAttorney advertising.
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Past results do not guarantee future outcomes.
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Services may be performed by attorneys in any of our offices.\n<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210719005681\/en\/<\/a><\/span><\/p>\n

\nRobbins Geller Rudman & Dowd LLP
\n
655 W. Broadway, San Diego, CA 92101
\n
J.C. Sanchez, 800-449-4900
\n
jsanchez@rgrdlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

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

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YMM ALERT: Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors with Substantial Losses to Lead the Full Truck Alliance Co. Ltd. Class Action Lawsuit SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that purchasers of Full Truck Alliance Co. Ltd. (NYSE: YMM) securities pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with Full Truck Alliance\u2019s June 2021 initial public offering (\u201cIPO\u201d) have until September 10, 2021 to seek appointment as lead plaintiff in the Full Truck Alliance class action lawsuit. The Full Truck Alliance class action lawsuit charges Full Truck Alliance, certain of its top executives, and the underwriters of Full Truck Alliance\u2019s IPO with violations of the … <\/p>\n

Continue reading “YMM ALERT: Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors with Substantial Losses to Lead the Full Truck Alliance Co. Ltd. Class Action Lawsuit”<\/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-514591","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nYMM ALERT: Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors with Substantial Losses to Lead the Full Truck Alliance Co. Ltd. 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