Levi & Korsinsky, LLP announces that a DIDI class action lawsuit has been filed on behalf of investors who purchased Didi Global Inc. F/K/A Xiaoju Kuaizhi Inc. (DIDI) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired DiDi American Depositary Shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s June 2021 initial public offering. For more on the DIDI Lawsuit please contact us today.
According to the Didi Global Inc. F/K/A Xiaoju Kuaizhi lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) DiDi’s apps did not comply with applicable laws and regulations governing privacy protection and the collection of personal information; (2) as a result, the Company was reasonably likely to incur scrutiny from the Cyberspace Administration of China; (3) the CAC had already warned DiDi to delay its IPO to conduct a self-examination of its network security; (4) as a result of the foregoing, DiDi’s apps were reasonably likely to be taken down from app stores in China, which would have an adverse effect on its financial results and operations; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in Didi Global Inc. F/K/A Xiaoju Kuaizhi you have until September 7 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171