SHAREHOLDER ALERT: Gross Law Firm Notifies Shareholders of Dingdong (Cayman) Ltd. of a class action and a deadline for the main plaintiff of October 24, 2022

NEW YORK, September 7, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Dingdong (Cayman) Ltd..

Shareholders who purchased shares of DDL during the Class Period are encouraged to contact the company regarding the potential appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.

CONTACT US HERE:

Dingdong (Cayman) Ltd. Loss Form

COURSE PERIOD: This lawsuit is on behalf of persons who have purchased or otherwise acquired U.S. Deposit Shares of Dingdong pursuant to the F-1 registration statements and related prospectus on Form 424B4 issued in connection with Dingdong’s June 2021 Initial Public Offering.

ALLEGATIONS: According to the filed lawsuit, the registration statement and prospectus used to effect the company’s IPO misrepresented and/or omitted facts regarding Dingdong’s purported commitment to ensuring the safety and quality of food qu it distributes on the market. For example, although it claims to apply “rigorous quality control over [its] the entire supply chain to ensure product quality [its] users,” Dingdong was selling food past its expiration date. Therefore, Dingdong was, in fact, no better at providing or guaranteeing access to “fresh” groceries than the supermarkets, traditional Chinese wet markets, or traditional e-commerce platforms it repeated several times. In addition, the foregoing conduct subjected Dingdong to increased risk of regulatory and/or governmental scrutiny and enforcement, which, when disclosed, could adversely impact Dingdong’s business, operations and reputation. Dingdong.

DEADLINE: October 24, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/dingdong-cayman-ltd-loss-form/?id=31383&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of DDL during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the cycle life of the business. The deadline to apply to be a principal applicant is October 24, 2022. There is no cost or obligation for you to participate in this deal.

WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:
The Raw Law Firm
15 West 38th Street, 12th Floor
New York, NY10018
E-mail: [email protected]iesclasslaw.com
Telephone: (646) 453-8903

SOURCE The Raw Law Firm