{"id":687649,"date":"2022-09-21T11:03:23","date_gmt":"2022-09-21T15:03:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tuya-investors-have-opportunity-to-lead-tuya-inc-securities-fraud-lawsuit-6\/"},"modified":"2022-09-21T11:03:23","modified_gmt":"2022-09-21T15:03:23","slug":"tuya-investors-have-opportunity-to-lead-tuya-inc-securities-fraud-lawsuit-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tuya-investors-have-opportunity-to-lead-tuya-inc-securities-fraud-lawsuit-6\/","title":{"rendered":"TUYA Investors Have Opportunity to Lead Tuya Inc. Securities Fraud Lawsuit"},"content":{"rendered":"
\n

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

\n

\n LOS ANGELES<\/span>, Sept. 21, 2022<\/span> \/PRNewswire\/ —\u00a0The Law Offices of Frank R. Cruz<\/span><\/a> announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA).<\/p>\n

\n

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

\n Class Period: <\/b>
\n March 2021<\/span> IPO
Lead Plaintiff Deadline:<\/b>October 11, 2022<\/span><\/p>\n

If you are a shareholder who suffered a loss, click\u00a0here<\/a>\u00a0to participate.<\/p>\n

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that a material portion of Tuya’s China<\/span>-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com’s terms of use; (2) that, prior to the IPO, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya’s clients, among others, which included, inter alia, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (3) that, as a result of above, there was a substantial risk that a material portion of Tuya’s significant customers would be barred from using Amazon.com’s platform, negatively impacting Tuya’s business, revenue, earnings, and prospects; and (4) 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 Twitter: twitter.com\/FRC_LAW<\/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. \u00a0If 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 Frank R. Cruz<\/span>, of The Law Offices of Frank R. Cruz<\/span>, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California<\/span> 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.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\/tuya-investors-have-opportunity-to-lead-tuya-inc-securities-fraud-lawsuit-301629505.html<\/a><\/p>\n

SOURCE The Law Offices of Frank R. Cruz<\/span>, Los Angeles<\/span><\/p>\n<\/p><\/div>\n

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

PR Newswire LOS ANGELES, Sept. 21, 2022 \/PRNewswire\/ —\u00a0The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA). Class Period: March 2021 IPOLead Plaintiff Deadline:October 11, 2022 If you are a shareholder who suffered a loss, click\u00a0here\u00a0to participate. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that a material portion of Tuya’s China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com’s terms of use; (2) that, prior to the IPO, a consumer investigation and data breach had exposed an illicit … <\/p>\n

Continue reading “TUYA Investors Have Opportunity to Lead Tuya Inc. 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-687649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTUYA Investors Have Opportunity to Lead Tuya Inc. 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\/tuya-investors-have-opportunity-to-lead-tuya-inc-securities-fraud-lawsuit-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TUYA Investors Have Opportunity to Lead Tuya Inc. 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