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Home » DINGDONG 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Dingdong (Cayman) Limited – DDL
)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., are reminding investors that they still have time BUSINESS WIRE Lead Plaintiff motions to file in a securities class action lawsuit against Dingdong (Cayman) Limited (NYSE: DDL) if it purchased or acquired the Company’s American Depository Shares (“ADS”) pursuant to and/or traceable to the Company’s June 2021 IPO have offering (the “IPO”). This lawsuit is pending in the United States District Court for the Southern District of New York. October 24, 2022
What you can do
If you have purchased or acquired ADS from Dingdong as described above and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may contact KSF Managing Partner at no obligation or cost to you Lewis can contact Kahn toll-free at 1-877-515-1850 or email (
[email protected]) or visit https://www.ksfcounsel.com/cases/nyse-ddl/ to learn more . If you wish to serve as lead plaintiff in this class action, overseeing lead counsel to achieve a fair and equitable resolution, you must apply to the court for that position . October 24, 2022
About the lawsuit
Dingdong and some of its executives are accused of failing to disclose material information in its IPO registration statement, thereby violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the company disregarded its responsibility for food safety and failed to meet its stated obligation to deliver “fresh” food to customers; (ii) the Company’s quality control measures were inadequate, exposing it to increased risk of regulatory and/or regulatory scrutiny and enforcement; and (iii) as a result of the foregoing, the Company’s registration statement was, at all relevant times, materially incorrect and misleading.
The case is
McCormack v. Dingdong (Cayman) Ltd., et al., No. 22-cv-7273.
About Kahn Swick & Foti, LLC
KSF, which partners with former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation firms. KSF assists a wide range of clients – including public institutional investors, hedge funds, wealth managers and retail investors – in seeking redress for investment losses resulting from corporate fraud or misconduct by public companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.
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