Full Truck Alliance Co. Ltd

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Case Summary
Company Name: Full Truck Alliance Co. Ltd
Stock Symbol : NYSE: YMM
Class Period Start: 01/01/1970
Class Period End: 01/01/1970
Lead Plaintiff motion: 09/10/2021
Date Filed: 07/12/2020
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 18, 2021.lead plaintiff deadline in a class action lawsuit filed against Full Truck Alliance Co. Ltd. (NYSE: YMM) (Full Truck Alliance Co. Ltd. or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Full Truck Alliance Co. Ltd. . securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with FTA’s June 2021 initial public offering (the “IPO”) (“Class Period”), have until September 10, 2021. to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Full Truck Alliance Co. Ltd. securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

 

According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) FTA’s apps Yunmanman and Huochebang would face an imminent cybersecurity review by the CAC; (2) the CAC would require FTA to suspend new user registration; (3) FTA needed to conduct a “comprehensive self-examination of any cybersecurity risks”; (4) FTA 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

 

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