{"id":687150,"date":"2022-09-20T12:03:26","date_gmt":"2022-09-20T16:03:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ddl-investors-have-opportunity-to-lead-dingdong-cayman-limited-securities-fraud-lawsuit-3\/"},"modified":"2022-09-20T12:03:26","modified_gmt":"2022-09-20T16:03:26","slug":"ddl-investors-have-opportunity-to-lead-dingdong-cayman-limited-securities-fraud-lawsuit-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ddl-investors-have-opportunity-to-lead-dingdong-cayman-limited-securities-fraud-lawsuit-3\/","title":{"rendered":"DDL Investors Have Opportunity to Lead Dingdong (Cayman) Limited Securities Fraud Lawsuit"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n LOS ANGELES<\/span>
\n <\/span>, Sept. 20, 2022<\/span><\/span> \/PRNewswire\/ —\u00a0Glancy Prongay<\/span> & Murray LLP<\/a> (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL<\/a>).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Glancy
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n June 2021<\/span> IPO
Lead Plaintiff Deadline:<\/b>October 24, 2022<\/span><\/p>\n

If you wish to serve as lead plaintiff of the Dingdong lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/dingdong-cayman-limited\/<\/a>. You can also contact Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n

The complaint filed alleges that Defendants failed to disclose to investors\u00a0that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its stated commitment to provide “fresh” groceries to customers historically disserved by supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms; (2) Dingdong’s quality control measures, which were so heavily touted in the Registration Statement, were, in fact, inadequate, exposing Dingdong to an increased risk of regulatory and\/or governmental scrutiny and enforcement; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

Follow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.<\/p>\n

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com<\/a>, or visit our website at www.glancylaw.com<\/a>.\u00a0 If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n

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

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/ddl-investors-have-opportunity-to-lead-dingdong-cayman-limited-securities-fraud-lawsuit-301627839.html<\/a><\/p>\n

SOURCE Glancy Prongay<\/span> & Murray LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES , Sept. 20, 2022 \/PRNewswire\/ —\u00a0Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL). Class Period: June 2021 IPOLead Plaintiff Deadline:October 24, 2022 If you wish to serve as lead plaintiff of the Dingdong lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/dingdong-cayman-limited\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. The complaint filed alleges that Defendants failed to disclose to investors\u00a0that: (1) Dingdong was actively flouting its food safety responsibilities, failing to deliver on its … <\/p>\n

Continue reading “DDL Investors Have Opportunity to Lead Dingdong (Cayman) Limited Securities Fraud 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-687150","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDDL Investors Have Opportunity to Lead Dingdong (Cayman) Limited Securities Fraud Lawsuit - 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\/ddl-investors-have-opportunity-to-lead-dingdong-cayman-limited-securities-fraud-lawsuit-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DDL Investors Have Opportunity to Lead Dingdong (Cayman) Limited Securities Fraud Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LOS ANGELES , Sept. 20, 2022 \/PRNewswire\/ —\u00a0Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Dingdong (Cayman) Limited (“Dingdong” or the “Company”) (NYSE: DDL). Class Period: June 2021 IPOLead Plaintiff Deadline:October 24, 2022 If you wish to serve as lead plaintiff of the Dingdong lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/dingdong-cayman-limited\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. 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