NEW YORK – (BUSINESS WIRE) – July 6, 2021–
WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Full Truck Alliance Co. Ltd. (NYSE: YMM) resulting from allegations that FTA may have provided misleading marketing information to the Public Investor.
SO WHAT: If you have purchased FTA securities, you may be entitled to compensation without payment of any fees or charges under a contingency fee agreement. Rosen law firm is preparing class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action lawsuit, go to http://www.rosenlegal.com/cases-register-2114.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
WHAT DOES IT TALK ABOUT: On or about June 22, 2021, FTA sold approximately 82.5 million US Depository Shares (âADSâ) as part of its initial public offering (âIPOâ) at $ 19 per ADS, raising nearly 1 , $ 6 billion in new capital.
Then, on July 5, 2021, FTA issued a press release titled “Full Truck Alliance Announces Cybersecurity Review in China” which announced that “in accordance with an announcement issued by the Cybersecurity Review Office (” CRO “) of the Cyberspace Administration of China on July 5, 2021, CRO launched FTA cybersecurity review Yunmanman applications and Huochebang applications. âThe press release further revealed thatâ[i]In order to facilitate the review and prevent the expansion of potential risks, these mobile apps are required to suspend the registration of new users in China during the review period.
Following this news, the Company’s ADS price fell sharply during pre-market trading.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, review companies do not have comparable experience or resources. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosenâ entreprise or on Facebook: https://www.facebook.com/rosenlawfirm/.
Lawyer advertising. Previous results do not guarantee a similar result.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210706005480/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES LEGAL
SOURCE: Rosen Law Firm
Copyright Business Wire 2021.
PUB: 07/06/2021 09:46 / DISC: 07/06/2021 09:46
Copyright Business Wire 2021.