An investigation for investors in Dingdong (Cayman) Limited (NYSE: DDL) shares over potential securities laws violations by Dingdong (Cayman) Limited was announced.
San Diego, CA -- (SBWIRE) -- 04/27/2022 -- Dingdong (Cayman) Limited is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Dingdong (Cayman) Limited (NYSE: DDL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Dingdong (Cayman) Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Dingdong (Cayman) Limited operates an e-commerce company in China. Dingdong (Cayman) Limited reported that its annual Total Revenue rose from 11.33 billion CNY in 2020 to over 20.12 billion CNY in 2021, and that its Net Loss increased from over 3.17 billion CNY in 2020, to over 6.33 billion CNY in 2021.
Shares of Dingdong (Cayman) Limited (NYSE: DDL) declined from $22.53 per share in late December 2021, to as low as $2.51 per share on March 15, 2022.
Those who purchased shares of Dingdong (Cayman) Limited (NYSE: DDL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.