Levi & Korsinsky, LLP announces that a YMM class action lawsuit has been filed on behalf of investors who purchased Full Truck Alliance Co. Ltd. (YMM) pursuant and/or traceable to the registration statement and related prospectus issued in connection with Full Truck’s June 2021 initial public offering. For more on the YMM Lawsuit please contact us today.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Full Truck’s apps Yunmanman and Huochebang would face an imminent cybersecurity review by the Chinese government; (2) the Chinese government would require Full Truck to suspend new user registration; (3) FTA needed to conduct a “comprehensive self-examination of any cybersecurity risks”; (4) Full Truck needed to “continue to improve its cybersecurity systems and technology capabilities”; and (5) as a result, Defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.
If you suffered a loss in you have until September 10, 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.