{"id":687846,"date":"2022-09-22T05:48:20","date_gmt":"2022-09-22T09:48:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ddl-lawsuit-alert-levi-korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/"},"modified":"2022-09-22T05:48:20","modified_gmt":"2022-09-22T09:48:20","slug":"ddl-lawsuit-alert-levi-korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ddl-lawsuit-alert-levi-korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/","title":{"rendered":"DDL LAWSUIT ALERT: Levi &amp; Korsinsky Notifies Dingdong (Cayman) Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 22, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in <b>Dingdong (Cayman) Ltd.<\/b> (&#8220;Dingdong&#8221; or the &#8220;Company&#8221;) (NYSE: DDL) of a class action securities lawsuit.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1687309\/LK_1920x1080_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1687309\/LK_1920x1080_Logo.jpg\" title=\"Levi &amp; Korsinsky, LLP (PRNewsfoto\/Levi &amp; Korsinsky, LLP)\" alt=\"Levi &amp; Korsinsky, LLP (PRNewsfoto\/Levi &amp; Korsinsky, LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>CLASS DEFINITION: <\/b>The lawsuit seeks to recover losses on behalf of Dingdong investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong&#8217;s <span class=\"xn-chron\">June 2021<\/span> initial public stock offering. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p>\n        <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3655864-3&amp;h=1842243704&amp;u=https%3A%2F%2Fwww.zlk.com%2Fpslra-1%2Fdingdong-lawsuit-submission-form%3Fprid%3D32011%26wire%3D4&amp;a=https%3A%2F%2Fwww.zlk.com%2Fpslra-1%2Fdingdong-lawsuit-submission-form%3Fprid%3D32011%26wire%3D4\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.zlk.com\/pslra-1\/dingdong-lawsuit-submission-form?prid=32011&amp;wire=4<\/a>\n      <\/p>\n<p>\n        <b>DDL<\/b>\u00a0investors may also contact <span class=\"xn-person\">Joseph E. Levi, Esq.<\/span> via email at\u00a0<a href=\"mailto:jlevi@levikorsinsky.com\" target=\"_blank\" rel=\"nofollow noopener\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <b>CASE DETAILS: <\/b>According to the filed complaint, the registration statement and prospectus used to effectuate the Company&#8217;s initial public offering misstated and\/or omitted facts concerning Dingdong&#8217;s so-called commitment to ensuring the safety and quality of the food it distributes to the market.\u00a0 For example, despite claiming that it applies &#8220;stringent quality control across [its] entire supply chain to ensure product quality to [its] users,&#8221; Dingdong sold food past its sell-by date.\u00a0 Consequently, Dingdong was, in fact, no better at providing or assuring access to &#8220;fresh&#8221; groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeatedly claimed to be displacing.\u00a0 Moreover, the foregoing conduct subjected Dingdong to an increased risk of regulatory and\/or governmental scrutiny and enforcement, all of which, once revealed, were likely to negatively impact Dingdong&#8217;s business, operations, and reputation.<\/p>\n<p>\n        <b>WHAT&#8217;S NEXT? <\/b>If you suffered a loss in Dingdong during the relevant time frame, you have until <b><span class=\"xn-chron\">October 24, 2022<\/span><\/b>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <b>NO COST TO YOU: <\/b>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <b>There is no cost or obligation to participate.<\/b><\/p>\n<p>\n        <b>WHY LEVI &amp; KORSINSKY: <\/b>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services&#8217; Top 50 Report as one of the top securities litigation firms in <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>\n        <b>CONTACT:<\/b><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/><span class=\"xn-person\">Joseph E. Levi, Esq.<\/span><br \/><span class=\"xn-person\">Ed Korsinsky, Esq.<\/span><br \/>55 Broadway, 10th Floor<br \/><span class=\"xn-location\">New York, NY<\/span> 10006<br \/><a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow\">jlevi@levikorsinsky.com<\/a><br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3655864-3&amp;h=3248451035&amp;u=http%3A%2F%2Fwww.zlk.com&amp;a=www.zlk.com\" target=\"_blank\" rel=\"nofollow noopener\">www.zlk.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY81021&amp;sd=2022-09-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ddl-lawsuit-alert-levi--korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301630472.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/ddl-lawsuit-alert-levi&#8211;korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301630472.html<\/a><\/p>\n<p>SOURCE  Levi &amp; Korsinsky, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY81021&amp;Transmission_Id=202209220545PR_NEWS_USPR_____NY81021&amp;DateId=20220922\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Sept. 22, 2022 \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in Dingdong (Cayman) Ltd. (&#8220;Dingdong&#8221; or the &#8220;Company&#8221;) (NYSE: DDL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dingdong investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong&#8217;s June 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team: https:\/\/www.zlk.com\/pslra-1\/dingdong-lawsuit-submission-form?prid=32011&amp;wire=4 DDL\u00a0investors may also contact Joseph E. Levi, Esq. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ddl-lawsuit-alert-levi-korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DDL LAWSUIT ALERT: Levi &amp; Korsinsky Notifies Dingdong (Cayman) Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline&#8221;<\/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-687846","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DDL LAWSUIT ALERT: Levi &amp; Korsinsky Notifies Dingdong (Cayman) Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline - 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-lawsuit-alert-levi-korsinsky-notifies-dingdong-cayman-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DDL LAWSUIT ALERT: Levi &amp; Korsinsky Notifies Dingdong (Cayman) Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Sept. 22, 2022 \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in Dingdong (Cayman) Ltd. (&#8220;Dingdong&#8221; or the &#8220;Company&#8221;) (NYSE: DDL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dingdong investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong&#8217;s June 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team: https:\/\/www.zlk.com\/pslra-1\/dingdong-lawsuit-submission-form?prid=32011&amp;wire=4 DDL\u00a0investors may also contact Joseph E. Levi, Esq. &hellip; Continue reading &quot;DDL LAWSUIT ALERT: Levi &amp; Korsinsky Notifies Dingdong (Cayman) Ltd. 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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dingdong investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased, or otherwise acquired, Dingdong American Depository Shares pursuant or traceable to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong&#8217;s June 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team: https:\/\/www.zlk.com\/pslra-1\/dingdong-lawsuit-submission-form?prid=32011&amp;wire=4 DDL\u00a0investors may also contact Joseph E. Levi, Esq. &hellip; Continue reading \"DDL LAWSUIT ALERT: Levi &amp; Korsinsky Notifies Dingdong (Cayman) Ltd. 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